FINANCING OF VAT TO THE LOCAL BUDGETS AND SOME ASPECTS IN THE CONTEXT OF ECONOMIC AND FINANCIAL CRISIS

Daniela Roman

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 517-523

Abstract: Providing financial resources for public funds is difficult to effectuate and the central government and local government level. Since local budgets do not own income sufficient to ensure the financing of all expenditures on behalf of local collectivities, then the state budget provides funding for social, economic local destinations. Decentralization of public services is accompanied by financial descentralization. In this paper we present some aspects of VAT revenue from the state budget used to support certain activities at the local level, the evolution of these allocations in the context of current budgetary constraints due to financial crisis.

Keywords: budgetary constraints; local needs; budget; budgetary decentralization; public services. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:517-523

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