State Budget Deficit During Crises: Constraints and Balancing Policy

Marius Surugiu, Valentina Vasile, Raluca Mazilescu and Camelia Surugiu
Additional contact information
Marius Surugiu: Institute of National Economy,Romanian Academy
Valentina Vasile: Institute of National Economy,Romanian Academy

Romanian Journal of Economics, 2022, vol. 55, issue 2(64), 5-21

Abstract: The balance between state budget revenue and expenditures represents a challenge for any government, especially in times of crisis. Economic theory has defined different behaviors for managing the budget balance. However, a crisis highlights the constraints and limitations between expectations, the yield of budget receipts, and the efficiency of public budget expenditures. This paper analyzes the relationship between the Romanian state budget revenue and expenditures for 2000-2021. Furthermore, the effects of crises (the financial and the health crises) on revenue, expenditures, and the state budget deficit, are highlighted. The results show statistically significant relationships between variables

Keywords: budget revenue; budget expenditures; budget balance; financial crisis; health crisis (search for similar items in EconPapers)
JEL-codes: H71 H72 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.revecon.ro/articles/2022-2/2022-2-1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:55:y:2022:i:64:p:5-21

Access Statistics for this article

Romanian Journal of Economics is currently edited by Institute of National Economy

More articles in Romanian Journal of Economics from Institute of National Economy Contact information at EDIRC.
Bibliographic data for series maintained by Valentina Vasile ().