one of the most important components of local
self-government - the financial one.
The results of the study show that the European
Charter has taken its special place in the law
enforcement practice that regulates all aspects of
the formation and functioning of local self-
government institutions in the countries that have
acceded to it. The results indicate that its
significance in this sense is very significant, but
it should be borne in mind that the Charter is not
a universal guideline for the activities of local
self-government for a particular country or group
of countries.
Accordingly, further research will be relevant to
expand the competence of local self-government,
transferring certain local initiatives to the level of
international policy, determining options for the
further evolution of the system of municipal
institutions in European countries.
Important for further scholarly inquiries is the
examination of issues related to the
organizational and legal consolidation of local
communities to develop and implement
mechanisms for integrated municipal
development policy. This policy should ensure
simultaneous and fair consideration of all
relevant interests and needs pertinent to the
development of municipal education.
An essential topic for further study is the
investigation of enhancing the transparency of
municipal governance and the mechanisms that
create a balanced combination of representative
and direct democracy in local self-government.
This includes decisions made by local self-
government bodies on matters concerning vital
interests of the majority of the local community
members, which must be subject to prior public
discussion.
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