HIGHLIGHTS OF FINANCIAL DECENTRALIZATION IN ROMANIA

Maria - Andrada Georgescu

HOLISTICA Journal of Business and Public Administration, 2010, vol. 1, issue 1, 54-64

Abstract: The paper presents the evolution of financial decentralization in Romania, from its beginning in 1994, with the first law on local taxes and duties, and until the present-day reform which outlines the premises of true decentralization in our country. The work analyzes the deficiencies of the first steps of financial decentralization, emphasizing the need to decentralize and/or transfer resources to the local level, in order to empower the administrative decentralization. In this section, the analysis focuses on the evolution of the broken-down split shares of the income tax. Finally, weanalyze and comment the latest legislation on the matter, which seem to achieve the fine balance between the local budgets, as well as a necessary of transparency and objectivity.

Keywords: financial decentralization; local fiscal incomes; local government revenues Journal: HOLISTICA Journal of business and public administration (search for similar items in EconPapers)
JEL-codes: E62 H71 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:urn:urnste:v:1:y:2010:i:1:p:54-64

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