FINANCIAL MANAGEMENT AND LOCAL ECONOMIC DEVELOPMENT - AN ALTERNATIVE FOR NEW FUNDING SOURCES OF THE LOCAL COMMUNITIES

This paper intends to answer mainly the questions: What are the consequences of the taxation base increase? What forms does the taxation base have? What can local authorities do in order to make certain areas attractive? Which are the specific players involved in the local economic development? Also, beyond the rigours imposed by the mathematical presentation of the sustainable economic development, we appreciate that for the financial management, too, knowing the gear determined by the allocation of public resources and generation of additional revenues will be very useful in establishing and underlying the decisions to invest in the public infrastructure and, also, to calculate the time period in which these can be depreciated especially based on the financial flows from supplementary revenues.