FINANCING METHODS FOR THE ROMANIAN LOCAL PUBLIC ADMINISTRATION AUTHORITIES

Emilian Miricescu ()

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 144-153

Abstract: During the last decade we have seen that the central authorities have transferred certain activities to the local ones, which are able to have a better covering for certain needs of the citizens, who live in their region. The aim of this article is to investigate which are the ordinary and borrowed finance resources for the local budgets and to find diversification solutions. A satisfactory financing creates the premises that the local public administration authorities are capable to offer high quality public goods and services, having an effective management of the public money.

Keywords: local finance independence; local public debt; municipal bonds; local communities rating; local public institutions. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:144-153

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