Abstract:

Local government is known as the main "engine" of efficient implementation of local sustainable development, which its applicability is closely linked to real possibilities of local authorities to sustain programs or measures for their administrative-territorial units. On this background, the size of local public revenues and local public expenditures and their correlation with sustainable development becomes essential. At the same time, one of the main goals of knowledge societies is sustainability and for this goal it is imperative to develop strategies that promote the integration of knowledge taking into account the goals of economic prosperity. The aim of this research paper is to provide an empirical context correlation of the triangle elements, respectively local public finance, local sustainable development and knowledge society, highlighting the channel and specific trivalent reports which demonstrate local finances supports sustainable development, the base being the knowledge society and local sustainable development support sustainable financial autonomy in the context of knowledge society.