Download or read book The Risks Arising from Local Authorities' Financial Obligations written by Steering Committee on Local and Regional Democracy and published by Council of Europe. This book was released on 2002-01-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this report is to study the risks that are responsible for local authorities' financial difficulties. It provides both a theoretical and an empirical analysis based on the various financial risks facing local authorities and the means of assessing and controlling them. The report also sets out guidelines designed to help the various authorities concerned to avoid, spread and control these financial risks more successfully.