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The Financial And Budgetary Discipline In Romania – The Arrears Of The Local Public Authorities

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  • Popeanga Vasile Nicolae

    (Constantin Brancusi University of Targu-Jiu, Romania)

Abstract

Treaty on European Union requires the Member States to consider the economic policies as a matter of common interest and to have fiscal policy guided by the need to ensure sound public finances. Global economic and financial crises have exposed the weaknesses of the economic and fiscal governance in the economic and monetary union. Reactions of European decision-making structures are not immediate. The vast majority of Member States have joined and strengthened their adherence to such solutions. Romania's macroeconomic policies are therefore part of the European common objectives, actions and decisions of public internal actors being conducted in a welldefined and regulated frame. We used analytical research method and I caught the status quo in the study, and governmental policy decisions necessary.

Suggested Citation

  • Popeanga Vasile Nicolae, 2013. "The Financial And Budgetary Discipline In Romania – The Arrears Of The Local Public Authorities," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 221-226, April.
  • Handle: RePEc:cbu:jrnlec:y:2013:v:2:p:221-226
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