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National Debt Management

Author

Listed:
  • Angelica BÃCESCU-CÃRBUNARU

    (The Bucharest University of Economic Studies, Romania)

  • Monica CONDRUZ-BÃCESCU

    (The Bucharest University of Economic Studies, Romania)

Abstract

According to Romania Constitution (Art.136) „the formation, administration, usage and control of state’ financial resources, of administrative units, and public institutions are regulated by law. Also, the law regarding public financing states that the management of public financial resources is accomplished by a unitary system of budgets. This comprehensive, unified, correlated system of sources and resource needs form the general, consolidated budget, which reflects national public financial flows, in terms of formation and their destination, in accordance with the financial policy objectives specific to the period (year.) General consolidated budget represents a justification document of the public financial balance and a tracking one for observance throughout the budget year. The main component of the budget system is the state budget. An important issue regarding the state budget is that regarding the coverage of a country’s debts. Therefore, the article clarifies certain issues linked to the primary budget deficit, public debt, and the report between debt and income.

Suggested Citation

  • Angelica BÃCESCU-CÃRBUNARU & Monica CONDRUZ-BÃCESCU, 2013. "National Debt Management," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(2), pages 249-256, May.
    • Handle: RePEc:rom:rmcimn:v:14:y:2013:i:2:p:249-256
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    File URL: https://rmci.ase.ro/no14vol2/06.pdf
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    More about this item

    Keywords

    budget deficit; currency reserve; debt management; debt rate; government expenses; government incomes; national debt.;
    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
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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