Financing Local Communities by Special Governmental Funds

Liliana Bunescu and ?ãran - Moro?an Adrian ()
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?ãran - Moro?an Adrian: Lucian Blaga University of Sibiu, Faculty of Economics
Authors registered in the RePEc Author Service: Adrian Moroşan

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1283-1288

Abstract: Local budgets are characterized by a high dependence rate on transfers from the state budget, without the existence of some intense concerns on the creation of own funds. In the category of transfers from state budget there are included the amounts broken down to balance local budgets, the state subsidies and a series of financial amounts from special funds of the Government. This paper comes to detail the mechanism of local financing by the Fund of reserve and the Fund of intervention used by Government. In the recent years, they have become a support source for communities that fail to survive using their current financial resources. It can be interpreted as a variant of political favor to some municipalities, because there are no set some by the law clear criteria required by distribution of these funds.

Keywords: local budget; Fund of reserve; Fund of intervention (search for similar items in EconPapers)
JEL-codes: H (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1283-1288

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