Some Aspects Regarding the Financing of the Environment Fund in Romania

Teodor Hada (), Iulia Iuga and Dorin Wainberg ()
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Teodor Hada: “Bogdan Vodă†University of Cluj-Napoca
Dorin Wainberg: “1st of December 2018†University of Alba Iulia

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 954-961

Abstract: The Environmental Fund is an economic and financial instrument designed to support and implement projects and programs for environmental protection. There is an ongoing debate on the criteria for allocating environmental funding, in particular the adjustment of funding. The specialized literature focused mainly on the optimal tax rate, on investments and expenditures with environmental protection at macroeconomic level. In the specialized literature in Romania there are no case studies presented at enterprise level (microeconomic). According to O.U.G. no. 196/2005 on the Environmental Fund, with subsequent amendments and completions, constitutes an income to the Environmental Fund a contribution of 2% of the revenues from the sale of waste obtained by the owner of the waste. The amounts are withheld at source by the economic operators who have the obligation to calculate and transfer the amounts. Thus, we will study the way of recording by companies (at microeconomic level) the contribution of 2% that constitutes income to the Environmental Fund.

Keywords: finance; ecology; environmental fund; accounting monograph (search for similar items in EconPapers)
JEL-codes: H32 Q58 (search for similar items in EconPapers)
Date: 2020
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