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Legal Regime Applicable to Local Budget’s Execution

Author

Listed:
  • Morariu Alunica

    (“Stefan cel Mare” University of Suceava)

  • Ionel Marian

    (“Ovidius “ University of Constanta)

  • Ph.D Student Mihailescu Emil Raul

Abstract

Law 273 of June 29, 2006 on local public finances establishes the principles, the framework and the procedures regarding the formation, administration and utilization of local public funds, as well as the responsibilities of local public administration authorities and of public institutions involved in the local public finance domain. This law also clearly stipulates the coordinates of budget execution at local level, to which we will be referring. Local budgets elaboration stands for a complex process, and at the same time, a strict regulated process in the Romanian public financial law.

Suggested Citation

  • Morariu Alunica & Ionel Marian & Ph.D Student Mihailescu Emil Raul, 2010. "Legal Regime Applicable to Local Budget’s Execution," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 734-739, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:734-739
    as

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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumatemai2010.pdf
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    References listed on IDEAS

    as
    1. Leland, Hayne E & Pyle, David H, 1977. "Informational Asymmetries, Financial Structure, and Financial Intermediation," Journal of Finance, American Finance Association, vol. 32(2), pages 371-387, May.
    2. Scholtens, Bert & van Wensveen, Dick, 2000. "A critique on the theory of financial intermediation," Journal of Banking & Finance, Elsevier, vol. 24(8), pages 1243-1251, August.
    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. Boyd, John H. & Prescott, Edward C., 1986. "Financial intermediary-coalitions," Journal of Economic Theory, Elsevier, vol. 38(2), pages 211-232, April.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    budget programming; amount limits; public investments; budget execution.;

    JEL classification:

    • H6 - Public Economics - - National Budget, Deficit, and Debt

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