IDEAS home Printed from https://ideas.repec.org/a/blg/journl/v8y2013i2p68-73.html
   My bibliography  Save this article

Arguments For The Establishment Of A Sovereign Investment Fund In Romania

Author

Listed:
  • MOLDOVAN Iosif

    (Lucian Blaga University of Sibiu, Romania)

Abstract

The creation of the national development fund was approved in 2006 through the specific legislation. The main argument in supporting the idea of creating this fund was the fact that Romania still had to privatize some more governmental ownership companies and the sums that would be obtained were going to be used according to some very precise rules. Another argument was that the executive power had to assure the financing of some major infrastructure investment projects, to assure the local contribution of the project financed by structural funds and to assure de necessary funds for solving the problems caused by the retrocession of some buildings. The audit report of the Romanian Court of Accounts contains conclusions about the evolution of the Romanian national fund and about the way the public resources were being used. The elaborated document that was given to the media, which can be considered a real case study, concerned the interest of the civil society towards the inefficient manner on which the funds obtained from the privatizing of the public sector are used and how some allotments of these sums were being distributed based on political criteria or in order to solve some personal or group interests. Lately, some public positions show support to the approach of building a national investment fund in one form or another. In this paper we propose to address to the aspects of this approach.

Suggested Citation

  • MOLDOVAN Iosif, 2013. "Arguments For The Establishment Of A Sovereign Investment Fund In Romania," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 8(2), pages 68-73, August.
  • Handle: RePEc:blg:journl:v:8:y:2013:i:2:p:68-73
    as

    Download full text from publisher

    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/827moldovan.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:journl:v:8:y:2013:i:2:p:68-73. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mihaela Herciu). General contact details of provider: http://edirc.repec.org/data/feulbro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.