Financing Regional Development in Bulgaria – Resources, Challenges and Public Accountability Cover Image

Финансиране на регионалното развитие в България – ресурсни предизвикателства и публична отчетност
Financing Regional Development in Bulgaria – Resources, Challenges and Public Accountability

Author(s): Yoana Ivanova
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Public Administration, EU-Approach / EU-Accession / EU-Development, Public Finances
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: regional development; financing, operational programmes; publicity
Summary/Abstract: Regional development has multifaceted significance both for the state and for society, which is why it should be considered an indispensable national priority. This applies to investment efforts in the area and to the significant public funds from the national and European budgets allocated for the implementation of public projects. The present report analyzes the evolution of financial mechanisms before 2006 and their transformation after Bulgaria’s accession to the EU, with an emphasis on the funding received under the Operational Programmes “Regional Development” 2007–2013 and “Regions in Growth” 2014–2020. The study examines the dynamics of financial assistance and traces the degree of publicity regarding the spending of funds. Considering the established difficulties in accessing consolidated, structured, and publicly available information about financed projects and their beneficiaries, recommendations have been formulated to improve transparency, accountability, and the possibilities for assessing the effectiveness of the allocated funds.

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