THEORETICAL AND PRACTICAL ASPECTS REGARDING THE EXECUTION OF LOCAL BUDGETS

Abstract

The economic and civic development of local communities is based, first of all, on the local public finance system, which must meet certain conditions so that the management of the territorial administrative units and the functioning of the local authorities meet the standards of a quasi-society. This paper is topical as the issue of local public finances is at the center of the current political debate as all the member states of the Council of Europe are confronted with the issue of harmonizing two diverging trends, namely: controlling and reducing spending and giving as much as possible large autonomies of local communities. The main objective of the paper is to identify solutions to ensure a more balanced allocation of financial resources between different levels of administrative organization, taking into account the budgetary regulation that is imposed at all levels of public administration. The data processing provided by the Ministry of Public Finance and the Court of Accounts highlighted the degree of dependence of local budgets of communes, cities, municipalities and counties on the consolidated general budget in the context of a decentralized process that is desirable to be as efficient as possible.