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Characteristics of the Budget Process during the Economic Crisis

Author

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  • Mugurel G.S. Pop

    ("Dimitrie Cantemir" Christian University)

Abstract

The author proposes, through this study, a brief analysis of the steps taken in the budgetary and fiscal policies implemented in our country from 1990 to present. During the study, the focus is on the composition and the implementation of the refinements brought into the budgetary process, drawing out the main negative phenomena, producing effects of the same nature, over the budget process as a whole. In addition to outlining some possible adjustments regarding fiscal policy, some inconsistencies of government policies are also highlighted, especially on fiscal policy prioritization, with an impact on ensuring continuity in the sequence of fiscal policy. At the end of the study, the author formulates relevant opinions on further possible adjustments in the fiscal policy, the perspective of the relationship between the banking sector and the state’s budget, the reflection in the budget of the state’s contribution to the co financing of the projects implemented by European Union funds and some effects of not respecting the budgetary specialization principle.

Suggested Citation

  • Mugurel G.S. Pop, 2013. "Characteristics of the Budget Process during the Economic Crisis," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 127-130, September.
    • Handle: RePEc:khe:journl:v:5:y:2013:i:3:p:127-130
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    More about this item

    Keywords

    Budget; budget process; budget strategies and policies; budget priorities; economic crisis; budget deficit;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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