EQUALITY IN THE FUNCTIONING OF DECENTRALIZATION AND RESPECT FOR LOCAL AUTONOMY
EQUALITY IN THE FUNCTIONING OF DECENTRALIZATION AND RESPECT FOR LOCAL AUTONOMY

Summary/Abstract: The local government has the right and the ability to regulate and administer an essential part of public affairs under their responsibility and in the interest of the community and the right to plan, finance and organize the exercise of a function. One of the main aspects is the support of local government in finding possible solutions for the financing and implementation of capital investment projects, also through policy improvements at the local level advocated by local government associations. In our legal framework, it is provided that the financing of the local self-government units is made from the revenues provided by taxes, fees and other local revenues, from funds transferred from the State Budget and funds that come directly from the allocation of taxes and national taxes, local borrowing, donations, as well as other sources provided for in the law. On the other hand, this paper will highlight the importance of implementing the principle of equality from the central to the local level, so that the latter can fulfill its functions where one of these functions is the expansion of financing sources. The implementation of local government investment projects depends on their ability to find the necessary funds by combining their own resources and external financing. Debt financing enables municipalities to carry out more infrastructure projects in a short period of time compared to financing from their own funds.

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