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Theoretical and Applied Economics
No. 8 / 2006 (503)

Investment Process in Territorial Government Sectors

Costantin Roman
Aureliana Geta Roman
Cleopatra Sendroiu
Academia de Studii Economice Bucuresti

Abstract. The increase in the quality of the public administration act represents one of the major targets for the local authorities. From this point of view, the identification and implementation in the current practice of some methods, techniques and advanced working tools might have a significant impact.The investments’ programme as a tool accessible to local public authorities gains an increased legitimacy on the grounds of its civic consent; therefore, the external investors and other potential investors can take advantage of the community’s support in those projects they finance within region.The current framework of the investment activity in the local public sector is characterized by constraints within action, sometimes without continuity or precise targets. The declared urgency of a certain investment objective mostly turns out to be the selection and implementation criterion. In this present work there will be presented a few methods and ways in which town halls can realize public investments in the near future. The adoption of a specific proposal might lead to procedural and organizational modifications for the attainment of the maximum efficiency within the investment process.

Keywords: investments’ programme; public administration act; local public authorities; community; investment process; efficiency.

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