USE OF THE EUROPEAN UNION FINANCIAL RESOURCES

Florin-Cornel Popovici PhD Student and Laura Nasta PhD Student
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Florin-Cornel Popovici PhD Student: Doctoral School, Field of Finance, Timisoara West University, Faculty de Economy and Business Administration, Romania
Laura Nasta PhD Student: Doctoral School, Field of Economics, Bucharest University of Economic Studies, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2015, vol. 1, issue 25, 77-82

Abstract: In terms of the destination of revenues (secondary function of the EU laws on finances), the EU conception, transposed into its own budgetary policy, focuses on strategies meant to ensure an economic growth that is smart - the focus being on education, sustainable - by eliminating dependence on limited resources and favorable - making the social factor a priority. By analyzing EU budgets for the period 2012 - 2015, it can be observed that the principle of budget deficit is not used in the projection of the EU budget, the balance being the true engine of development of the European Union since exceeding revenues create the possibility of making new expenditures and not the circumstantial needs that generate costs, the principal reason for exceeding the approved budgetary provisions.

Keywords: European Union; fiscal policy; smart; sustainable; favorable economic growth; EU budget expenditures; EU budget revenues; European Commission; budget balance. (search for similar items in EconPapers)
JEL-codes: H50 H61 H69 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2015:i:25:p:77-82

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