ISSUES ON FISCAL POLICY OBJECTIVES IN ROMANIA AFTER 2000

Liliana Bunescu and Carmen Comaniciu

Studies in Business and Economics, 2010, vol. 5, issue 3, 116-129

Abstract: Financial policy differs from one country to another depending on the country's economic potential, the level of economic development, natural resources, national or international conditions, methods of managing the national economy, the interests of political parties and other factors. But, we should not overlook the fact that economic and financial experience of countries can provide models to be applied in other countries. In terms of financial policy, budgetary policy and fiscal policy are the most important. This paper aims to compare the objectives of fiscal policy in Romania during the last three programs of government in the period 2001-2012 and, under the Romanian fiscal responsibility law, to underline the principles they are based on.

Keywords: fiscal policy; fiscal responsability law; fiscal policy objectives; budgetary policy (search for similar items in EconPapers)
Date: 2010
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