Effects of the Economic and Financial Crisis on the Revenues and Expenditures of Romanian Local Governments
Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1108-1113
In times of economic crisis, not only central governments but also local ones may experience deterioration in their financial situation. Also, the latter not only may but also should contribute through specific budgetary measures to the stabilization and recovery of the economy. Based on such considerations, this paper aims to provide, by analyzing relevant data from Eurostat and the Romanian National Institute of Statistics, an assessment of the effects of the crisis on the revenues and expenditures of Romanian local authorities, highlighting their peculiarities in relation to the effects recorded in other Central and Eastern European countries or stipulated in the literature. Also, the paper aims, by analyzing the changes in the structure of Romanian local budget revenues and expenditures, to assess the rationality of the measures adopted by local governments in crisis as well as their compatibility with the objectives of stabilizing national economy and promoting long-term economic growth.
Keywords: local governments; local revenues; local expenditures; anti-crisis strategy (search for similar items in EconPapers)
JEL-codes: E62 H71 H72 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1108-1113
Access Statistics for this article
Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela
More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().