Budgetary Consolidation – Expression of Fiscal-Budgetary Policy

Răscolean Ilie () and Rakos Ileana-Sorina ()
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Răscolean Ilie: University of Petroşani
Rakos Ileana-Sorina: University of PetroÅŸani

Ovidius University Annals, Economic Sciences Series, 2017, vol. XVII, issue 2, 633-638

Abstract: This work aims for a better knowledge of the concept of budgetary consolidation, representing in fact, according to the authors, the elimination of transfers of sums, between the budgets of the budget system components, in order to avoid double highlights. At the same time, seen from a different perspective, the budget consolidation can be interpreted, and as a result of fiscal-budgetary policy, revealing the aspect of mutual relations and the link between this and the growth at the national level. The issue of economic growth of a nation will be put under discussion in connection with the manifestation of political entities, namely from the perspective of public interventions on the government policy, in particular regarding the financial nature. The purpose of this paper is to highlight the influence of certain factors, some with high goals, others with subjective fundamentals, over budgetary consolidation at the level of our country.

Keywords: economic growth; public financial policy; budgetary consolidation strategies; sustainability; budget vulnerabilities (search for similar items in EconPapers)
JEL-codes: H50 H60 H70 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvii:y:2017:i:2:p:633-638

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