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Impact of the financial-budgetary balance on the economy

Author

Listed:
  • Elena Padurean

    (Centre of Financial and Monetary Research “Victor Slavescu”)

Abstract

The state budget is, after all, an accounting document. An early form of it shows the predicted public revenues and expenditure during the subsequent financial exercise. The true dimension of the budget appears, however, after implementing the fiscal policy of the government in order to answer the necessities required by the economic growth or shrinkage, as determined by the domestic or foreign circumstances. Question is: how important is it to maintain a balanced public budget? The opinions on this matter are increasingly divergent.

Suggested Citation

  • Elena Padurean, 2016. "Impact of the financial-budgetary balance on the economy," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 5(1), pages 43-46, April.
    • Handle: RePEc:sdb:social:v:5:y:2016:i:1:p:43-46
    as

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    More about this item

    Keywords

    Budgetary deficit; budgetary expenditure; budgetary levers; deficit financing; labour market;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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