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The Budget of the European Union - Opportunity or Burden for Romania?

Author

Listed:
  • Dragos Mihai UNGUREANU

    () (Spiru Haret University, Faculty of Finance and Banking)

Abstract

This paper aims to structure a synoptic image of the expenditure at European Union level from the EU Budget by correlating with the financial flows between EU and Romania, in order to prove a false widespread public idea that Romania contributes to EU accounts with more money than it receives back. Hence, it concludes that Romania is a net beneficiary in relation to EU budget with a positive balance of approx. 15 billion euro by mid-2014.

Suggested Citation

  • Dragos Mihai UNGUREANU, 2014. "The Budget of the European Union - Opportunity or Burden for Romania?," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 1(1), pages 327-332, December.
  • Handle: RePEc:icb:wpaper:v:1:y:2014:i:1:327-332
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    File URL: http://icesba.eu/RePEc/icb/wpaper/ICESBA2014_40UNGUREANU_P327-332.pdf
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    More about this item

    Keywords

    multiannual financial framework; financial perspective; net financial flows; net beneficiary.;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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