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Difficulties In Limiting The Expansion Of The Romanian Public Sector

Author

Listed:
  • Aura Emanuela, DOMIL

    (Faculty of Economics and Business Administration, West University of Timi?oara, Romania)

Abstract

aking into consideration the dimension of economic public sector it can be considered as part of the economic system. One of the major and current problems is precisely the need to put a limit to the expansion of the budgetary sector, because in the last years we witness the progressive public sector expansion in the economy. In Romania the economic growth has been reflected more in public sector development at the expense of the undevelopment of the private sector. For that, there are difficulties in financing and supporting this oversized sector, based on income from household. We consider that appropriate measures must be taken in order to correct financial statemants for public sector by optimizing expenses for missions and programs. Financial statements of public sector as essential tool in the programming, budgeting, management and reporting must support economic and financial objectives set by European institutions in order to maintain financial stability and administrative responsibility in EU.

Suggested Citation

  • Aura Emanuela, DOMIL, 2016. "Difficulties In Limiting The Expansion Of The Romanian Public Sector," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 1(2), pages 21-25.
    • Handle: RePEc:brc:brccej:v:1:y:2016:i:2:p:21-25
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    References listed on IDEAS

    as
    1. Ionel Bostan, 2016. "The Legal Regulation Of The Substitution Of The Budgetary Credit Release Authority In Exceptional Conditions," BRAND. Broad Research in Accounting, Negotiation, and Distribution, EduSoft Publishing, vol. 6(1), pages 28-31.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public sector; social responsibility; financial statements for public sector;
    All these keywords.

    JEL classification:

    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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