Paper/Speech Details of Conference Program for the 17th NISPAcee Annual Conference Program Overview V. Working Group on Public Sector Finance and Accounting Author(s) Yuri Krivorotko I do not belong to any Institution Minsk Belarus Title Asset management in Belarus local government: centralization vs. decentralization File Paper files are available only for conference participants, please login first. Presenter Abstract ABSTRACT This paper is about features of assets management in Belarus municipalities. An important underlying notion, which is a basic in process of assets management, is that a communal (municipal) ownership is fixed in Belarus legislation. However, it is only a type of State ownership. In Belarus, therefore, municipalities are functioning within the framework of a State ownership. For the local government it means, that municipalities are subordinated to a so-called rigid "presidential" vertical and function far from being within the framework of fiscal decentralization. So, it is worth to imagine that municipalities have no their own assets and the State has transferred municipalities their property in operative management or economic conducting. The components of assets management in Belarus local government are occupied the central place in the paper. They are divided in two parts. The first one includes municipality revenue management, increasing of expenditure productivity, including the municipal order, local budget process management in municipalities, increasing of intergovernmental fiscal relations efficiency. The second includes lend resources management, management of public utilities, rent, concession, guarantees under loans, trust management, gratuitous using, public works on repair and service of the real estate. The focus of paper is on prospects of finance management, reforming of budget process and strategy of municipal property management in Belarus. So, attention to the purposes of reform, "formula" of reform, directions of reform will be concentrated on. The analysis uses the Belarus data and experience of asset management in separate municipalities.