Affiliation:
1. Bucharest University of Economic Studies , Romania
2. Valahia University of Targoviste , Romania
Abstract
Abstract
The local budget appears as the main component of local finances that derives from all public finances and is individualized by a certain structure in which the number of administrative-territorial units in a country, the public services provided, the degree of economic development, etc. participate. local budgets reflect economic relations in the form of money that appear in the process of distributing the national income through which the funds necessary for the interests of the local public authorities that are coordinated by them are formed and distributed. The local public finances are also characterized by a transfer of value that takes place between the participants in economic establishment and use of the mobilized financial resources at the disposal of the authorities. The transfer of value is done without a direct consideration, which means that the person from whom the transfer of money resources is made from the local budget. Local public finances reflect the participation of individuals and legal entities in the form of taxes and fees in the formation of local budget revenues without direct and immediate consideration.
Subject
General Earth and Planetary Sciences,General Environmental Science
Reference25 articles.
1. Afonso, A.& Jalles, J.T. (2015). Fiscal Sustainability: A Panel Assessment for Advanced Economies. Appl. Econ. Lett., 22, pp.925-92910.1080/13504851.2014.987913
2. Andrews, R. (2015). Vertical consolidation and financial sustainability: Evidence from English local government. Environ. Plan. C Gov. Policy, 33, pp.1518-154510.1177/0263774X15614179
3. Balu, F. O., Radulescu, C. V., Bodislav, D. A., Gole, I., Buzoianu, O. C. A., Burlacu, S., & Balu, P. E. (2021). Cost modeling and computation in the healthcare industry. Case study on a swiss medical care organization. Economic Computation & Economic Cybernetics Studies & Research, 55(1). DOI: 10.24818/18423264/55.1.21.05
4. Barbera, C., et al. (2014). European local authorities financial resilience in the face of austerity: A comparison across Austria, Italy and England. International Conference on Next Steps for Public Administration in Theory and Practice. China, Guangzhou, Sun Yat-Sen University
5. Batabyal, A.A. (2016). Sustainable Growth and Development in a Regional Economy. Reg. Stud., 50, pp.922-923