The Romanian Healthcare Institutions – Managing Budget Limitations and Liquidity Issues

The paper aims to determine if the public healthcare institutions in Romania (particularly inConstanta County) manage the budget limitations in terms of the level of incomes andexpenditures, and if these institutions manage to insure the proper level of liquidity in order tosatisfy the entity’s creditors for exigible debts. In order to achieve these objectives, we calculatedand analyzed the three indicators of liquidity (working capital - required working capital - nettreasury) and in order to identify the degree to which the entity can cope with its short-term debtswe used a system of liquidity rates. The findings of the research show heterogeneity in themanagement of the healthcare institutions and different situations in terms of achieving financialequilibrium.