BUGETELE LOCALE – COMPONENTE ALE BUGETULUI DE STAT
LOCAL BUDGETS – COMPONENTS OF THE STATE BUDGET

Summary/Abstract: The budget is a tool for planning, forecasting and control. At the local level, the „Local Budgets” include the local revenues and their distribution as sources of resources to cover the local public expenditures, which aim to achieve the objectives of local public interest. Basically, the local budgets are materialized in instruments of forecasting and management of the administrative-territorial units that have legal personality.  Local budgets indicate revenues and sources of destination financing of expenditures and ways of financing and covering deficits. The specificity of local budgets lies in their individuality and autonomy. The largest share in local revenues is represented by local taxes and fees, which are established on the basis of the Decisions of the Local Councils by the local councilors within the limits established by the Fiscal Code. The structure of local revenues consists of: own revenues, revenues from amounts broken down according to legal regulations, assigned revenues, income from transfers, etc. The composition of the expenditure consists of: expenditure on general public services, expenditure on education, expenditure on the public development of the respective communities, expenditure on housing, transport costs, health expenditure, expenditure on cultivation, expenditure on social assistance, expenditure on aid, and others. Each administrative-territorial unit builds its own budget, which reflects their degree of autonomy.

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