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Financing Local Communities by Special Governmental Funds

Author

Listed:
  • Bunescu Liliana

    () (Lucian Blaga University of Sibiu, Faculty of Economics)

  • ?ãran - Moro?an Adrian

    () (Lucian Blaga University of Sibiu, Faculty of Economics)

Abstract

Local 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.

Suggested Citation

  • Bunescu Liliana & ?ãran - Moro?an Adrian, 2012. "Financing Local Communities by Special Governmental Funds," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1283-1288, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1283-1288
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    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p1.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    local budget; Fund of reserve; Fund of intervention;

    JEL classification:

    • H - Public Economics
    • H - Public Economics
    • H - Public Economics

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