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Impact of the financial-budgetary balance on the economy

Elena Padurean
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Elena Padurean: Centre of Financial and Monetary Research “Victor Slavescu”

Social-Economic Debates, 2016, vol. 5, issue 1, pages 43-46

Abstract: The state budget is, after all, an accounting document. An early form of it shows the predicted public revenues and expenditure during the subsequent financial exercise. The true dimension of the budget appears, however, after implementing the fiscal policy of the government in order to answer the necessities required by the economic growth or shrinkage, as determined by the domestic or foreign circumstances. Question is: how important is it to maintain a balanced public budget? The opinions on this matter are increasingly divergent.

Keywords: Budgetary deficit; budgetary expenditure; budgetary levers; deficit financing; labour market (search for similar items in EconPapers)
JEL-codes: E62 H6 J21 (search for similar items in EconPapers)
Date: 2016
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