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Highlights Of Financial Decentralization In Romania

Author

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  • Maria - Andrada GEORGESCU

    (National School of Political Studies and Public Administration, Bucharest, Romania)

Abstract

The paper presents the evolution of financial decentralization in Romania, from its beginning in 1994, with the first law on local taxes and duties, and until the present-day reform which outlines the premises of true decentralization in our country. The work analyzes the deficiencies of the first steps of financial decentralization, emphasizing the need to decentralize and/or transfer resources to the local level, in order to empower the administrative decentralization. In this section, the analysis focuses on the evolution of the broken-down split shares of the income tax. Finally, weanalyze and comment the latest legislation on the matter, which seem to achieve the fine balance between the local budgets, as well as a necessary of transparency and objectivity.

Suggested Citation

  • Maria - Andrada GEORGESCU, 2010. "Highlights Of Financial Decentralization In Romania," HOLISTICA Journal of Business and Public Administration, Association Holistic Research Academic (HoRA), vol. 1(1), pages 54-64, January-J.
    • Handle: RePEc:urn:urnste:v:1:y:2010:i:1:p:54-64
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    More about this item

    Keywords

    financial decentralization; local fiscal incomes; local government revenues Journal: HOLISTICA Journal of business and public administration;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

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