PUBLIC FINANCIAL AIDS - STATE FINANCIAL SUPPORT POLICY

Popeanga Vasile
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Popeanga Vasile: Constantin Brancusi University of Targu Jiu,Faculty Of Economics And Business Administration

Annals - Economy Series, 2012, vol. 4II, 237-241

Abstract: State aid represents selective measures of public financial support granted for activities or areas to achieve general objectives, such as environmental protection, development of SMEs, development of disadvantaged areas, rescue and restructuring strategic businesses, etc. But, even if the public authorities support economic development, the state aids can distort normal competitive environment. It is therefore necessary to develop and implement precisely rules on how the public authorities can intervene on market by providing state aids. State aid may be compatible if it pursues clearly defined objectives of common interest with the general beneficial effects on economic development, and does not affect the trade between European Union Member States.

Keywords: State aids; public expenditure; public funds (search for similar items in EconPapers)
Date: 2012
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