IMPLICATION OF THE TERRITORIAL FISCAL UNITS IN CONTROLLING AND ACHIEVEMENT BUDGETARY INCOMES AT THE ECONOMIC AGENTS

Neculina Chebac ()
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Neculina Chebac: “DANUBIUS”University of Galati

EuroEconomica, 2007, issue 19, 34-44

Abstract: The role of the Ministry of Public Finance is to collect and manage the public financial resources, by a complex system of budgets: the state budget, the state social security budget, the local budgets, the special funds budgets, the budgets of the external grants, the state treasury budget and the budgets of other autonomous public institutions. This activity is performed according to the law, securing the budget balance and implementing the financial policy of the state. The formulation and execution of the budget is based on the principles of universality, publicity, unity, annually, budgetary specialisation, and monetary unity. In order to accomplish its role, the Ministry of Public Finance ensures the collection of the revenues stipulated in the budget, in cash and by means of accounts, and performs the treasury operations regarding the government borrowings. To calculate public expenditures, the Ministry of Public Finance considers the financial policy of the state, the number of employees, the existing public institutions network, the institutions to be created, the efficient use of existing equipment. The main directions for using public funds are aimed at: the social sector (education, health, social care and security, culture, arts, youth and sports, environment recovery and protection); supporting research programs; the economic sector (investments and other economic activities of public interest, subsidies, facilities, etc.); national defence, public order and national safety; central and local public administration; the interests related to the public debt and the expenditures related to issuing and selling securities..

Keywords: budgetary incomes; treasury operations; the public debt (search for similar items in EconPapers)
Date: 2007
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