BUDGET PROGRAM VERSUS BUDGET EXECUTION IN ROMANIA. AN ANALYSIS OF THE IMPLICATIONS ON THE ECONOMY
The relationship between good governance and economic and social outcomes is increasingly recognized. Transparency - openness to political intentions, formulation and implementation of budget program - is a key element of good governance. The budget, as a key government document, is the most impor...
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| Format: | Article |
| Language: | English |
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Editura Univeristatii "Stefan cel Mare" din Suceava
2019-12-01
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| Series: | USV Annals of Economics and Public Administration |
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| Online Access: | http://annals.seap.usv.ro/index.php/annals/article/view/1186/990 |
| _version_ | 1818247294676369408 |
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| author | Gheorghe MOROȘAN |
| author_facet | Gheorghe MOROȘAN |
| author_sort | Gheorghe MOROȘAN |
| collection | DOAJ |
| description | The relationship between good governance and economic and social outcomes is increasingly recognized.
Transparency - openness to political intentions, formulation and implementation of budget program - is a key element
of good governance. The budget, as a key government document, is the most important political document of the ruling
parties. The budget transparency, its approval, its good execution are, in this context, the premise of good governance.
The correct estimation of the macroeconomic indicators is very important because the correct forecast of the economic
growth and of the other macroeconomic indicators directly influences the forecast of the budgetary income. Therefore,
the impact of fiscal-budgetary measures must be quantified as prudently and realistically, due to the fact that it allows
the inclusion in the state budget of correct values for both revenues and expenditures. As in the case of approval in the
case of execution, the government must submit similar comparative information for all financial performance data. A
report on budget execution serves to encourage debate on budgetary aggregates and how they interact with the
economy, serving as well as for better future programming. The way that the budgetary indicators for revenues and
expenditure were achieved in the period 2013-2018 is presented in this paper. The analysis of the budget execution
implications on the Romanian economy, during this period, is based on a series of relevant studies that highlight the
impact of budgetary policies on the economy. The study aims to present and calculate the differences between budget
program and achievements and to analyze, empirically, the implications of these differences on the Romanian economy |
| first_indexed | 2024-12-12T15:02:25Z |
| format | Article |
| id | doaj.art-b4ee51613ad34938b3727b9716d54f20 |
| institution | Directory Open Access Journal |
| issn | 2285-3332 2344-3847 |
| language | English |
| last_indexed | 2024-12-12T15:02:25Z |
| publishDate | 2019-12-01 |
| publisher | Editura Univeristatii "Stefan cel Mare" din Suceava |
| record_format | Article |
| series | USV Annals of Economics and Public Administration |
| spelling | doaj.art-b4ee51613ad34938b3727b9716d54f202022-12-22T00:20:47ZengEditura Univeristatii "Stefan cel Mare" din SuceavaUSV Annals of Economics and Public Administration2285-33322344-38472019-12-01192(30)156167BUDGET PROGRAM VERSUS BUDGET EXECUTION IN ROMANIA. AN ANALYSIS OF THE IMPLICATIONS ON THE ECONOMYGheorghe MOROȘAN0„Ștefan cel Mare” University of Suceava, RomaniaThe relationship between good governance and economic and social outcomes is increasingly recognized. Transparency - openness to political intentions, formulation and implementation of budget program - is a key element of good governance. The budget, as a key government document, is the most important political document of the ruling parties. The budget transparency, its approval, its good execution are, in this context, the premise of good governance. The correct estimation of the macroeconomic indicators is very important because the correct forecast of the economic growth and of the other macroeconomic indicators directly influences the forecast of the budgetary income. Therefore, the impact of fiscal-budgetary measures must be quantified as prudently and realistically, due to the fact that it allows the inclusion in the state budget of correct values for both revenues and expenditures. As in the case of approval in the case of execution, the government must submit similar comparative information for all financial performance data. A report on budget execution serves to encourage debate on budgetary aggregates and how they interact with the economy, serving as well as for better future programming. The way that the budgetary indicators for revenues and expenditure were achieved in the period 2013-2018 is presented in this paper. The analysis of the budget execution implications on the Romanian economy, during this period, is based on a series of relevant studies that highlight the impact of budgetary policies on the economy. The study aims to present and calculate the differences between budget program and achievements and to analyze, empirically, the implications of these differences on the Romanian economyhttp://annals.seap.usv.ro/index.php/annals/article/view/1186/990romaniastate budgetmacro-fiscal disciplinefiscal governancepublic revenues and expenditures. |
| spellingShingle | Gheorghe MOROȘAN BUDGET PROGRAM VERSUS BUDGET EXECUTION IN ROMANIA. AN ANALYSIS OF THE IMPLICATIONS ON THE ECONOMY USV Annals of Economics and Public Administration romania state budget macro-fiscal discipline fiscal governance public revenues and expenditures. |
| title | BUDGET PROGRAM VERSUS BUDGET EXECUTION IN ROMANIA. AN ANALYSIS OF THE IMPLICATIONS ON THE ECONOMY |
| title_full | BUDGET PROGRAM VERSUS BUDGET EXECUTION IN ROMANIA. AN ANALYSIS OF THE IMPLICATIONS ON THE ECONOMY |
| title_fullStr | BUDGET PROGRAM VERSUS BUDGET EXECUTION IN ROMANIA. AN ANALYSIS OF THE IMPLICATIONS ON THE ECONOMY |
| title_full_unstemmed | BUDGET PROGRAM VERSUS BUDGET EXECUTION IN ROMANIA. AN ANALYSIS OF THE IMPLICATIONS ON THE ECONOMY |
| title_short | BUDGET PROGRAM VERSUS BUDGET EXECUTION IN ROMANIA. AN ANALYSIS OF THE IMPLICATIONS ON THE ECONOMY |
| title_sort | budget program versus budget execution in romania an analysis of the implications on the economy |
| topic | romania state budget macro-fiscal discipline fiscal governance public revenues and expenditures. |
| url | http://annals.seap.usv.ro/index.php/annals/article/view/1186/990 |
| work_keys_str_mv | AT gheorghemorosan budgetprogramversusbudgetexecutioninromaniaananalysisoftheimplicationsontheeconomy |