INTERACTION BETWEEN LOCAL GOVERNMENT AUTHORITIES AND CENTRAL GOVERNMENT DURING DEFAULT: ROLE, CONFLICT AND COOPERATION

Abstract

The author researched that, to date, in our country, the interaction between local self-government bodies and the central government during default is a complex process, where the success of overcoming economic difficulties depends on the role, management conflicts and the level of cooperation. The defined roles of different levels of government indicate the critical need for interaction and information sharing for effective decision-making. Resolving conflicts, such as differences of opinion and competition for resources, requires careful dialogue and the search for compromises. In addition, the joint development of strategies and the joint implementation of measures reflect an important aspect of cooperation to overcome the crisis. It was determined that interaction and cooperation between different levels of government are decisive factors in stabilizing the economic situation in the event of default. The analysis shows that differences of opinion and competition for resources can become an obstacle on the way to effective crisis management. However, dialogue, search for compromises and joint development of strategies become key success factors. It is emphasized that the interaction of different levels of government becomes a strategically important element in stabilizing the economic situation and overcoming the crisis, which gives grounds for further research in this direction. It is emphasized that the critical importance of effective interaction and cooperation between local self-government bodies and the central government during economic default. She points to the importance of understanding roles, resolving conflicts, and jointly developing strategies for successful crisis management. The main key aspects of interaction, which determine the stabilization of the economic environment and lead to successful overcoming of default, are justified. This research serves as a foundation for further scientific research in the field of economic management and interaction between different levels of government in crisis situations.