FISCAL AND BUDGET POLICIES - MAJOR COMPONENTS OF ECONOMIC AND SOCIAL POLICY MIX IN ROMANIA AT PRESENT AND IN FUTURE

Ionela Popa, Diana Codreanu and Albici Mihaela ()
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Ionela Popa: University of Pitesti
Diana Codreanu: University of Pitesti

Revista Economica, 2012, vol. 63.4-5, issue 4-5, 213-222

Abstract: The main goal of the Government's economic policy is represented by ensuring coherent macroeconomic stability, by maintaining a conservatory fiscal position and by promoting prudent salary policies in order to support disinflation and limit foreign imbalances which shall facilitate sustainable economic growth and a real convergence. The fiscal and budget policies applied in Romania in the years before the crisis have led to domestic and foreign imbalances which must be changed during the next period. The sustainable accomplishment of lower budget deficits involves the significant change of the budget process as well as reforms of revenue and expense policies.

Keywords: fiscal policy; budget policy; sustainability (search for similar items in EconPapers)
JEL-codes: H30 H60 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:63.4-5:y:2012:i:4-5:p:213-222

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