文章基本信息

标题：FISCAL DECENTRALIZATION AND ISSUES OF MUNICIPAL BONDS. THE CASE OF ROMANIA
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作者：Dan Constantin Danuletiu
期刊名称：Polish Journal of Management Studies
印刷版ISSN：2081-7452
出版年度：2010
期号：2152
页码：9
出版社：Faculty of Management, Czestochowa University of Technology
摘要：Local governments can make an important contribution to public well-being through the execution of local government policies and the delivery of public services that are important to the local citizens. For this reason, through the local budgets are financed the public goods that are selected to be more important. But if the own revenues of the local budgets are low, the local authorities are dependent on the central ones, fact that affect the allocation of resources by the destinations. Because of the unlimited needs, the local governments search for alternative sources of financing, like bank loans, loans from the capital market, leasing, using some collaboration formulas with the private sector, like public-private partnerships and other financing forms. In a analysis on Romanian case, we shows that a greater level of decentralization give to local governments greater possibilities to cover local needs by attracting new resources, also from alternative ways