THEORETICAL ASPECTS REGARDING THE FINANCIAL CRISIS OF THE TERRITORIAL ADMINISTRATIVE UNITS

Petria Licuta ()
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Petria Licuta: “Constantin Brâncoveanu” University, Romania

Management Strategies Journal, 2013, vol. 22, issue Special, 161-166

Abstract: Financial and economic crisis, worldwide installed, passivity, incompetence and, in some cases even corruption are the factors for financial crisis in the administrative territorial units. The paper addresses theoretical issues of, the financial crisis through the prism of Law no.273/2006 on local public finances and of the Government Emergency Ordinance no.46/2013 on the financial crisis and insolvency of the administrative territorial unit, being examined issues relating to the establishment of the crisis, the Committee for crisis situations, financial recovery plan, ending the financial crisis. The final part of the article presents the findings from the analysis of the procedure established by law for liability coverage of administrative territorial units in crisis.

Keywords: crisis; financial; insolvency; public authorities (search for similar items in EconPapers)
JEL-codes: K00 K3 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:23:y:2013:i:s:p:161-166

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