Characteristics of local self-government development in Georgia

• Main Author: B. Chichinadze
• Format: Article
• Language: English
• Published: Odessa national academy of food technologies 2020-10-01
• Series: Ekonomìka Harčovoï Promislovostì
• Subjects: local government; budgetary independence; investment; economic growth; investment attraction; political stability; financial sustainability
• Online Access: https://journals.onaft.edu.ua/index.php/fie/article/view/1820

The article focuses on the fact that for decades, local governments in Georgia have not used their significant reserves effectively. Local governments also lack a modern plan for the socio-economic development of territories. It should be noted that for the significant development of local self-government, the priority of different areas has not been determined. Problematic issues were resolved spontaneously without the participation of local residents, without coordination and reconciliation. Despite the numerous local reforms that have been implemented since independence in Georgia, important issues such as the separation of powers between the center and self-government, lack of financial resources and assets, through decentralization, significant deficit competencies in the venture capital attraction, in the sense of self-governing competencies in securities issues and so on, remain unresolved. It is necessary as soon as possible to adopt the necessary laws that ensure the economic development of local governments, which will lead to the significant improvement of the social conditions of citizens. If the central government does not take quick effective steps in this direction, the socio-economic situation in the self-government bodies of Georgia will deteriorate even more, which will jeopardize the country's financial and political stability.