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Ioana Maria COSTEA: Financial crisis and insolvency of administrative-territorial units

Abstract: The budgetary procedure of territorial administrative units is a consequence of local autonomy as allowing local management of financial resources, under the authority of local representative. But the economy can generate difficulties to these micro-budgets, legal difficulties which are enshrined as a state of financial crisis or a state of insolvency of administrative-territorial units. The legal regime and working procedures are remedies for balancing the budget.

Keywords: state of financial crisis, insolvency, administrative-territorial unit


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Copyright Faculty of Law, IAŞI , 2022
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