In the case of federal system of finance, the following main principles must be applied: 1. Principle of Independence. 2. Principle of Equity. 3. Principle of Uniformity. 4. Principle of Adequacy. 5. Principle of Fiscal Access. 6. Principle of Integration and coordination. 7. Principle of Efficiency. 8. Principle of Administrative Economy. 9. Principle of Accountability. […]
