THE IMPACT OF THE ECONOMIC CRISES ON FINANCING

Abstract: Municipality’s financing represents a substantial part of borough politics. It results from the fundamental functioning of the municipality. One of the main tasks is not only to raise enough funds to cover and satisfy their needs, but also to guarantee their effective usage and to apply new approaches to multi-source municipality’s financing. The budget of the municipality is closely linked to the state budget and its efficient management on the income site can ease the pressure on the state subsidies funding. The paper deals with the current issues regarding to financing of municipalities of the selected region of Svidník County with its 65 municipalities, yet the results can be applied to all Slovak municipalities. It has been proved that there is the strong link between preferred forms of financing and the view on the deterioration in the availability of financial resources in times of crises