Streamlining The Budget Process By Prioritizing Public Investment Projects
The substantiation of the state budget for 2014 has also considered some measures to improve budget planning activities by prioritizing public investment projects. The prioritizing approach of public investment projects in the budget process is a particularly important and complex one, involving a set of coherent and responsible evaluation, selection and prioritization activities of such projects based on a well defined prioritizing criteria and mechanism. It was started in 2012, unfortunately not as an undertaking of public decision makers in Romania, but as a requirement of the World Bank and International Monetary Fund in order to improve the budget process. The reason is the fact that not considering public investment projects a priority produced negative effects on the budget process, on the whole Romanian economy after the events of 1989, characterized as a lack of vision in terms of the public investment approach. Unfortunately, these negative effects persisted after Romania joined the European Union and has resulted in the low level of access to funds.
Volume (Year): 9 (2014)
Issue (Month): 2 (August)
|Contact details of provider:|| Postal: Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No 17, postal code 550324, Sibiu, Romania|
Phone: 004 0269 210375
Fax: 004 0269 210375
Web page: http://economice.ulbsibiu.ro/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:blg:journl:v:9:y:2014:i:2:p:51-58. 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)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.