Financing Local Communities by Special Governmental Funds
AbstractLocal 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.
Volume (Year): XII (2012)
Issue (Month): 1 (May)
Contact details of provider:
Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
More information through EDIRC
local budget; Fund of reserve; Fund of intervention;
Find related papers by JEL classification:
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jeflea Victor).
If references are entirely missing, you can add them using this form.