Ֆիսկալ ապակենտրոնացումը որպես տարածքների ներառական զարգացման գործոն / Fiscal decentralization as a factor of inclusive development of territories

The article discusses the issues of fiscal decentralization in the Republic of Armenia in the context of issues of inclusive and balanced development of territories. The analysis shows that the overwhelming share of the budgets of local self-government bodies is made up of funds generated from property taxes, as well as subsidies from the state budget. According to the results of the analysis, the income receipts of local budgets are essentially formed spontaneously and are not connected with the stimulation of business activity of large, medium and small enterprises located in communities and possible deductions from their income. Based on the analysis of international experience, the work makes recommendations for improving the fiscal decentralization system in the Republic of Armenia.