BUDGET FOR ROMANIA IN 2010 CONSTRAINTS AND CHALLENGES

Ilie Mihai
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Ilie Mihai: Faculty of Finances and Banks Spiru Haret University

Annals of Spiru Haret University, Economic Series, 2010, vol. 1, issue 2, 107-114

Abstract: Generally speaking, the budget of any state represents the way how that state develops, expressed by the capability to spend for consumption and investments – smaller and higher amounts of money – depending on the income level that the state may circulate, based on the taxes and duties applied onto economy.What happens with Romania in the middle of 2010, when it is facing one of the most menacing situation in terms of the possibility of covering the current budget expenses from the taxes and duties – not to mention the investments? The paper herein will be dealing with this issue and more:the reasons of this unparallel situation, compared to the other EU countries;the objectives and prerequisites of the budget building;the main categories of income and expenses stipulated in the budget;the critical analysis of the measures set for recovery and proposal for alternative measures, in order to avoid the ‘grecizing’ the country.

Keywords: state budget; income and budget expenses; budget deficit; taxes and duties; austerity measures; economic and financial crisis (search for similar items in EconPapers)
JEL-codes: G18 G30 G32 G38 (search for similar items in EconPapers)
Date: 2010
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