Comparative research of sources and financing methods of Tehran Municipality with other cities in the world

Document Type : Original Article

Authors

1 Assistant Prof, Department of Insurance, Allameh Tabataba'i University, Tehran, Iran.

2 Lecturer, Department of Management and Economics, Sharif University of Technology, Tehran, Iran.

3 Ph.D. Candidate in Financial Management, Allameh Tabataba'i University, Tehran, Iran.

Abstract

The aim of this study is to identify and introduce financial and revenue sources with indicators of sustainability and feasibility for the municipality of Tehran by studying the sources of other municipalities in the world. In the present era with the increase of urban population, one of the important issues of municipalities around the world is to create sufficient sources to provide costs related to urban services and also the creation, development and maintenance of urban infrastructure. the challenge which Tehran Municipality Has been faced over the past few decades. According to limited experience of using the capacity of markets, institutions and financial instruments and the novelty of the literature about privatization and partnership with the private sector in municipalities, studying of the experiences of municipalities in other countries can be helpful.Therefore, the present article examines the major financial and revenue sources of the ten selected cities and the ways of useing finance models and partnerships with the private sector. After an overview of the financial and revenue sources of Tehran Municipality during recent years (2015-2019), in the next step of the present study,with using fuzzy method and based on the opinion of experts, identified financial and revenue sources in terms of sustainability and feasibility indicators has been studied. The results show that among the twelve main sources, respectively, sources from public-private partnerships, operating revenues and financing through the issuance of bonds and sukuk with their related sub-sources are in a better position in terms of sustainability and feasibility indicators.

Keywords

References

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Financial Management Perspective
Volume 12, Issue 37
April 2022
Pages 37-68

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