Financial side analysis of local autonomy in Romania
Financial side of local autonomy expresses the capacity of local communities to have their own revenue and expenditure budget, distinct from that of the state in which revenues can cover expenses incurred to meet their requirements. The analysis of financial autonomy of administrative-territorial units in Romania is an interesting but complex approach given that some factors are actually difficult to predict and quantify. The purpose of this paper is to clarify the meaning of financial side of local autonomy and analyze this in Romania based on indicators established in recent years for measuring the position of administrative-territorial units in relation to central government.
Volume (Year): XVIII (2012)
Issue (Month): (May)
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- Ebel, Robert D. & Yilmaz, Serdar, 2002. "On the measurement and impact of fiscal decentralization," Policy Research Working Paper Series 2809, The World Bank.
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