FINANCIAL CRISIS AND THE INSOLVENCY OF THE TERRITORIAL ADMINISTRATIVE UNITS Cover Image
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CRIZA FINANCIARĂ ŞI INSOLVENȚA UNITĂȚILOR ADMINISTRATIV‐TERITORIALE
FINANCIAL CRISIS AND THE INSOLVENCY OF THE TERRITORIAL ADMINISTRATIVE UNITS

Author(s): Vasile Iancu
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Universul Juridic
Keywords: financial crisis; financial insolvency – both signify the financial difficulties caused by the shortage of cash during certain periods of time; administrative‐territorial units;

Summary/Abstract: In the introduction, the structure of the revenues for the local budgets is described and also the ways of founding the local public activities. Following that, the article describes the components, competencies and the consequences of the local financial autonomy and the local budgetary principles. The last part shows the state of financial crisis and the state of financial insolvency of the heritage of the administrative‐territorial units.

  • Issue Year: XII/2014
  • Issue No: 02
  • Page Range: 120-127
  • Page Count: 8
  • Language: Romanian