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Use Of The European Union Financial Resources

Author

Listed:
  • Florin-Cornel Popovici PhD student

    (Doctoral School, Field of Finance, Timisoara West University, Faculty de Economy and Business Administration, Romania)

  • Laura Nasta PhD student

    (Doctoral School, Field of Economics, Bucharest University of Economic Studies, Romania)

Abstract

In terms of the destination of revenues (secondary function of the EU laws on finances), the EU conception, transposed into its own budgetary policy, focuses on strategies meant to ensure an economic growth that is smart - the focus being on education, sustainable - by eliminating dependence on limited resources and favorable - making the social factor a priority. By analyzing EU budgets for the period 2012 - 2015, it can be observed that the principle of budget deficit is not used in the projection of the EU budget, the balance being the true engine of development of the European Union since exceeding revenues create the possibility of making new expenditures and not the circumstantial needs that generate costs, the principal reason for exceeding the approved budgetary provisions.

Suggested Citation

  • Florin-Cornel Popovici PhD student & Laura Nasta PhD student, 2015. "Use Of The European Union Financial Resources," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(25), pages 77-82, NOVEMBER.
  • Handle: RePEc:aio:rteyej:v:1:y:2015:i:25:p:77-82
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    File URL: http://feaa.ucv.ro/RTE/025-09.pdf
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    References listed on IDEAS

    as
    1. Paulo R. Mota & Abel L. Costa Fernandes & Ana-Cristina Nicolescu, 2015. "The recent sovereign debt crisis in the Euro zone: A matter of fundamentals?," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(1), pages 1-25, March.
    2. Ioan Talpos & Alexandru Avram & Roxana HeteÈ™, 2013. "The Impact Of Fiscal Policy On Gross Domestic Product In The European Union. A Panel Var Model Aproach," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-25.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    European Union; fiscal policy; smart; sustainable; favorable economic growth; EU budget expenditures; EU budget revenues; European Commission; budget balance.;

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H69 - Public Economics - - National Budget, Deficit, and Debt - - - Other

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