TY - JOUR TI - Financial Risks of Local Governments Concerning Implementation of Their Social Political Aims AU - Takács-György, Katalin AU - Takács, István TI - Financial Risks of Local Governments Concerning Implementation of Their Social Political Aims AB - The local governments of settlements fulfi ll not only their basic duties but also a great deal of other tasks as well that infl uence the communities’ living conditions and quality of life, and through the way inhabitants feel also have an impact on the retention capacity of the settlements. The social policy of local governments is fulfi lled by the governments. Financing the tasks and their risks have a great effect on the realization of sustainable local governing. The aim of this study is to review the Hungarian local governmental system assessing some anomalies of the fi nancing of local governments and to draw attention to the risk of local governments, to the possibilities of how to reduce their operational risks highly considering the social political goals of the local governments, the role it has in developing and improving the people’s quality of life. VL - 2010 IS - Numer 3 (11) PY - 2010 SN - 1896-0200 C1 - 2084-3968 SP - 33 EP - 46 UR - https://ejournals.eu/czasopismo/zarzadzanie-publiczne/artykul/financial-risks-of-local-governments-concerning-implementation-of-their-social-political-aims KW - quality of life KW - sustainable development KW - indebtedness KW - risk mitigation