STATE BUDGET AND BUDGETARY PROCEDURES IN ROMANIA

George Dorel Popa ()
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George Dorel Popa: Ovidius University of Constanta, Faculty of Law and Public Administration, popageorgedrd@yahoo.com, Constanta, Romania,

Journal of Public Administration, Finance and Law, 2013, vol. 4, issue 4, 179-185

Abstract: In Romania, the budget process is governed by the Constitution and the Law of Public Finance no. 500/2002, act that includes the elaboration of the draft budget, approving the state budget, budget execution and budget control. All these activities are carried out in a legal way and administrative- institutional way, presenting features from country to country. The budget shows many traits in common: it is a decision process, because its essence consists in allocating budgetary resources for public goods such as education, health, national defence and so on. On the other hand is an essentially political process because allocation decisions budgetary resources are determined by the political groups, the mechanism of representation and voting, is a complex process with many participants (schools, hospitals, ministries, etc.). The budgetary process is a cyclic process, as it follows a well-defined calendar as a consequence of yearly and advertising budget. In conclusion, the budget process is a set of consecutive stages of development, approval, execution, control and reporting of the state budget, which ends with the approval of its execution account.

Keywords: budget; financial law; revenues and expenditures (search for similar items in EconPapers)
Date: 2013
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