Financial Health of Municipalities in Bulgaria – Problems and Challenges

This paper analyzes the comparability of financial health indicators of municipalities in Bulgaria with the requirements of the regulatory framework in order to identify the problematic aspects. To achieve a higher degree of data comparability and objectivity of the results, municipalities are differentiated into separate categories based on population. The study of the financial health of municipalities, the identification of problematic aspects and its specifics in each of the categories would serve as a basis for making well-founded decisions to promptly prevent their financial difficulties.