<abstract xmlns="http://www.w3.org/1999/xhtml"><p> This article provides a synthetic and easily understandable image of important financial characteristics of the Romanian public system to any person interested in the issue. It draws in general lines the etymology, legal and economic relevance of the budget, as well as the budget system structure and its development under the laws of public finances. It also presents the formation and use of budgetary flows, budgetary principles, consolidated general budget, economic and functional classification and surplus or deficit of budget. The current paper draws on the most known analysis indicators used in the literature. As a group, these analysis indicators convey the level (volume or size), the structure (the destination groups, subgroups, categories) and dynamics (the evolution in time) of budget and can be applied to both income and expenditure budgets. The paper’s objectives are to monitorize the evolution of the consolidated general budget and to analyse the employment deficit in the permissible limits (3%) in the reference period of the study (2012-2016)</p></abstract>

This article provides a synthetic and easily understandable image of important financial characteristics of the Romanian public system to any person interested in the issue. It draws in general lines the etymology, legal and economic relevance of the budget, as well as the budget system structure and its development under the laws of public finances. It also presents the formation and use of budgetary flows, budgetary principles, consolidated general budget, economic and functional classification and surplus or deficit of budget. The current paper draws on the most known analysis indicators used in the literature. As a group, these analysis indicators convey the level (volume or size), the structure (the destination groups, subgroups, categories) and dynamics (the evolution in time) of budget and can be applied to both income and expenditure budgets. The paper’s objectives are to monitorize the evolution of the consolidated general budget and to analyse the employment deficit in the permissible limits (3%) in the reference period of the study (2012-2016)

Evolution of the Consolidated General Budget and Budget Deficit Between 2012-2016 in Romania

International conference KNOWLEDGE-BASED ORGANIZATION

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

This article provides a synthetic and easily understandable image of important financial characteristics of the Romanian public system to any person interested...

Evolution of the Consolidated General Budget and Budget Deficit Between 2012-2016 in Romania

Published Online: Jul 26, 2018

Page range: 55 - 62

DOI: https://doi.org/10.1515/kbo-2018-0066

Keywords
Budget, financial system, financial flows, revenue and public expenditure, deficit / surplus

© 2018 Alin Teodor Huseraș, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Evolution of the Consolidated General Budget and Budget Deficit Between 2012-2016 in Romania

Published Online: Jul 26, 2018

Page range: 55 - 62

DOI: https://doi.org/10.1515/kbo-2018-0066

KeywordsBudget, financial system, financial flows, revenue and public expenditure, deficit / surplus

© 2018 Alin Teodor Huseraș, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Budget, financial system, financial flows, revenue and public expenditure, deficit / surplus