Theoretical and Practical Aspects Regarding Arears of the Romanian Administrative-Territorial Units

Melinda Cenuşe ()
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Melinda Cenuşe: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2018, vol. 18, issue 2, 177-184

Abstract: This paper analyses the concept of arrears of the administrativeterritorial units in the context of the emergence of the concept of financial crisis and insolvency of the administrative-territorial units in Romania in the Romanian local public administration. In 2013 the Romanian Court of Auditors presented a “Report regarding the arrears registered on 31.01.2013 by the administrative-territorial units”. Report’s main conclusion was that during 2011-2013 Romanian administrative-territorial units have had serious problems generated by huge arrears. The Report underlined another troubling conclusion: the main causes that generated the accumulation of arrears were determined by illegal actions, such as: expenses made and incurred without budgetary provisions, invoices regarding goods or services not recorded in the accounting books, prescribed obligations. The paper presents the reality that the Romanian administrative-territorial units already had problems at the financial level. These financial problems were deepened by the global economic crisis, which affected all the world economies and, implicitly also the public finances, aggravating the financial problems that the administrations already faced.

Keywords: arrears; local public administration; city; town; municipalities; village; crisis; the Romanian Court of Auditors; report; global economic crisis; public financial management (search for similar items in EconPapers)
JEL-codes: H83 (search for similar items in EconPapers)
Date: 2018
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