FINANCIAL DEPENDENCE AND BALANCE – NEW CHALLENGES OF THE PUBLIC SERVICE DECENTRALIZATION
The paper intends to analyse a model of decentralization specific to Continental Europe, which shows that a transferof responsibility to the local authorities has not always been appropriately followed by a transfer of resource, the consequencebeing the appearance of budgetary imbalances at the leve...
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| Format: | Article |
| Language: | deu |
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University of Oradea
2009-05-01
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| Series: | Annals of the University of Oradea: Economic Science |
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| Online Access: | http://M1, H3, H4 |
| Summary: | The paper intends to analyse a model of decentralization specific to Continental Europe, which shows that a transferof responsibility to the local authorities has not always been appropriately followed by a transfer of resource, the consequencebeing the appearance of budgetary imbalances at the level of local communities. In this situation, the local communities areforced to identify the funding source and, therefore, they have used the most rapid instruments provided by the law and thefinancial institutions – the borrowed sources. As long as the borrowed funding sources have been used to the restoration of thepublic infrastructure and, therefore, to the public investments, the solutions identified by the public manager are not to beblamed, the problem being the use of borrowed sources in order to cover certain consumerism needs which illegitimatelycharges, in our opinion, the public cost, the obligation to finance the maturity rates including the interest falling back on thefuture generations. |
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| ISSN: | 1222-569X 1582-5450 |