Insolvenła unităłilor administrativ-teritoriale - între posibilitate si realitate
The insolvency of administrative-territorial units between possibility and reality

Summary/Abstract: The correct execution of local budgetary incomes represents the necessary but not sufficient condition for providing regularity and efficiency in performing expenditures and thus, in fulfilling the attributions and responsibilities of the local public authorities. Law no. 273/2006 on local public finances brought about the necessity that the local budgetary provisions agree with those embodied in the state budget for balancing local budgets. The herein study envisages a number of mentions regarding this normative act, taking into account the imperative of administrative decentralization which can only be achieved if based on an actual financial decentralization. In fact, during the past years one could witness a decentralization of public expenditures from state budgets (of the State) towards local budgets (of administrative- territorial units).

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