ASPECTS CONCERNING RESPONSIBILITY AND LIABILITY IN FINANCIAL MANAGEMENT OF LOCAL COLLECTIVITIES IN ROMANIA
ASPECTS CONCERNING RESPONSIBILITY AND LIABILITY IN FINANCIAL MANAGEMENT OF LOCAL COLLECTIVITIES IN ROMANIA

Summary/Abstract: The trajectory, directions and pace of development of a subnational collectivity are often considered a result of primary influence of certain objective factors (such as economic base, fiscal potential, geo-strategic position etc.), placing less emphasis on the quality of the local financial decision-making and, therefore, on the responsibility of the various involved actors. In this context, our paper aims at adequately positioning the concepts of responsibility, accountability and liability of the actors involved in local financial management, highlighting the correlation among their legal role, their deontological/moral/civic duties relevant in this context, namely their incidental social and legal liability.

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