FINANCIAL AUTONOMY OF THE ROMANIA’ S MUNICIPALITIES: THE CASE OF ILFOV COUNTY’S TOWNS
FINANCIAL AUTONOMY OF THE ROMANIA’ S MUNICIPALITIES: THE CASE OF ILFOV COUNTY’S TOWNS

Summary/Abstract: In the context of the economic turbulences, the limitations of the public financial resources, a diverse interest of stakeholders, local communities’ demands for the public service quality, the financial autonomy represents a source and an effect for the social and economic local development. The research aim was to investigate the extent of local financial autonomy in some municipalities and to discover some possible discrepancies between municipalities located in the same county, which is part of most developed region of Romania –Bucharest–Ilfov Region. In this respect, based on the public information taken from the local budgets and the budgetary exercises of the Towns of the Ilfov County in Romania, there were calculated the indicators of the financial autonomy for the year 2016. The research results emphasized a general low to medium level of financial autonomy, due to the fact that the average level of self-funding for the towns in Ilfov County was low, as a result of the low collecting of local duties and taxes by the Town Halls, the limitation of getting non-fiscal revenues and funding from external sources. This result is validated also by the high level of dependence of the local budget in comparison with the state budget in the case of the towns included into the study.

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