Public Budgetary Policy Associated with the Requirements of the European Union Integration

• Main Author: Georgeta DRAGOMIR
• Format: Article
• Language: English
• Published: Danubius University 2006-10-01
• Series: Acta Universitatis Danubius: Oeconomica
• Subjects: GPD; local budget; state budget; monetary policy; value added tax
• Online Access: http://journals.univ-danubius.ro/index.php/oeconomica/article/viewFile/33/30

In the complex process of accession to the European Union and the entry into the Euro Zone, Romania is bound to focus its efforts withinfinalizing the necessary reforms for fulfilling its commitments. Economic boost, low inflation, budget deficit remained within sustainable and stableexchange rates, all represent priorities and benchmarks of the European construction. In each state, budgetary policy is a result of the elaborationproject of several categories of related budgets that make up a system. The budget system is variable depending on the organizational structure ofeach state: unitary type (France, England, Sweden etc.) and federal type (U.S., Canada, Switzerland, etc.). In Romania the need of resources at thelevel of society and their possibilities are reflected in the general consolidated budget. The law on Public Finances indicates that the management ofpublic financial resources is carried out by a unified budget system.