The work paper highlights the evolution of the public financial decentralization in Romania, based on analysis of legislative changes that occurred after 1991.These changes have had an important impact on local budgets and on local government responsibilities. In the context of increasing local...

This paper work analyses the connection between local financial decentralization and the potential of local public administration to sustain the local economic and social development by its own forces by taking part to the capital market. Next to the ordinary financial sources, which are the...

This paper work analyses the connection between local financial decentralization and the potential of local public administration to sustain the local economic and social development by its own forces by taking part to the capital market. Next to the ordinary financial sources, which are the...

Public institutions have as their main mission the redistribution of public wealth through the community services. In the Romanian budgeting system, education is considered a priority of national interest. Higher education is a clear contributor to the development of the society as a whole by...

The comparative analysis of local financial autonomy in the European Union countries suggested there is no universal model of local government finance applicable to all European Union countries. They each have their own specific needs and solution to raise the local financial autonomy. At the...

Research background: General grants should pursue five different functions. One of them is revenue equalization. This function is achieved if the revenue gap is reduced after the application of the subsidising mechanism. The size of the support should be inversely proportional to own revenues....