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Balancing local budgets in Romania

Author

Listed:
  • Attila GYÖRGY

    (Bucharest University of Economic Studies, Romania)

Abstract

Local budgets in Romania are balanced with revenues transferred from state budget according to the criterions laid down in the Local Public Finance Act. These criterions are focusing on the financial capacity, population and surface, each local budget getting balancing amounts inversely with the administrative unit’s wellness and directly to size. The repartition algorithm is used for more than a decade, but periodically it was revised in order to be better folded to fiscal policy and economic environment.

Suggested Citation

  • Attila GYÖRGY, 2014. "Balancing local budgets in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(Special), pages 88-93, June.
    • Handle: RePEc:agr:journl:v:xxi:y:2014:i:special:p:88-93
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