LOCAL BUDGET CONSOLIDATION AS AN INSTRUMENT OFLOCALAUTONOMY - EVIDENCE FROM ROMANIA

Florin Oprea and Elena Rusu Cigu ()

Revista Economica, 2012, vol. Supplement, issue 4, 473-481

Abstract: The establishment of democracy after 1990s in the communist countries from Central and East Europe generated profound social and economic transformation which was accompanied by the necessity to consolidate the local budgets as essential tools for ensuring the administrative and financial local autonomy.We attempt to provide an overall survey on local budgets consolidation over the 1992 in Romania. We will use official statistical data for analysisto identify the variables which explain the local budgets consolidation. We estimate the analisys to confirm the hypothesis that administrative decentralization has surpassed financial decentralization, creating obvious failure of the local public budget system that has not made a contribution to the expectations the economic and social development of local communities.

Date: 2012
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