FINANCING LOCAL GOVERNMENTS IN SPAIN - NEW SOLUTIONS TO OLD PROBLEMS

The aim of this paper is to contribute to the financial behavioural an alysis of Spanish municipalities since the start of the ambitious proc ess of political and economic decentralization linked to the restorati on of democracy at the end of the 1970s. Specifically, the author pres ents financial figures, reviews the characteristics of the local finan ce system and the evolution of that system through what has been a ser ies of unfinished reforms, and concludes by suggesting some possible c orrections to the imperfections, or loose ends, detected.