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Theoretical Aspects Regarding The Financial Crisis Of The Territorial Administrative Units


  • Licuta, PETRIA

    () (“Constantin Brâncoveanu” University, Romania)


Financial and economic crisis, worldwide installed, passivity, incompetence and, in some cases even corruption are the factors for financial crisis in the administrative territorial units. The paper addresses theoretical issues of, the financial crisis through the prism of Law no.273/2006 on local public finances and of the Government Emergency Ordinance no.46/2013 on the financial crisis and insolvency of the administrative territorial unit, being examined issues relating to the establishment of the crisis, the Committee for crisis situations, financial recovery plan, ending the financial crisis. The final part of the article presents the findings from the analysis of the procedure established by law for liability coverage of administrative territorial units in crisis.

Suggested Citation

  • Licuta, PETRIA, 2013. "Theoretical Aspects Regarding The Financial Crisis Of The Territorial Administrative Units," Management Strategies Journal, Constantin Brancoveanu University, vol. 22(Special), pages 161-166.
  • Handle: RePEc:brc:journl:v:23:y:2013:i:s:p:161-166

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    crisis; financial; insolvency; public authorities;

    JEL classification:

    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K3 - Law and Economics - - Other Substantive Areas of Law


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