THE IMPACT OF LOCAL PUBLIC FINANCES ON A COMMUNITY
AbstractIt is known the fact that local public finances are considered, together with the public finances of the state central administration, users of the money resources at the level of the administrative-territorial units for the satisfaction of the said units needs like culture, education, social services, public services, etc, establishing, at the same time, economic relations which stand at the basis of building up the resources which will be used as previously mentioned. In order to accomplish their challenges, local public finances perform a value transfer from the population to the local budget without providing a consideration to the said population. The local public finances value and weight differ with each administrative-territorial unit and depends, in a direct manner, on the population number and on the economic activity of those administrative-territorial units. Exactly for that, it depends very much on the local administrations to try and attract as many companies as possible even if this means to grant them certain facilities. We must not neglect the fact that, for the good running of their activity, those communities receive amounts deducted from certain central taxes and charges but it is advisable to provide a portion as large as possible of the budget from local taxes and charges, in accordance with legislation provisions.
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