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Public Finance Functions

Author

Listed:
  • Mihaela GEORGESCU (MUSETOIU)

    (”Valahia” University of Targovi?te, Romania)

  • Alin Adrian DINCA

    (”Valahia” University of Targovi?te, Romania)

  • Anda Ileana NECULA

    (”Valahia” University of Targovi?te, Romania)

Abstract

The emergence of public finances is a result of the needs but also of the causes determined objectively, having as main function the procurement of the financial resources that the state needs in the exercise of its role and attributions to intervene in the economy and society in general. Public finances are necessary, subjectively and objectively, because they contribute to the accomplishment of the tasks and functions of the state, which could not be accomplished without financial leverage. Public finances are necessarily linked to the state, and to the role of the public sector in the economy. Public finances express social relations through its links with society, these being of course of an economic nature, arising in the mechanisms of establishment and use of financial resources available to both parties, the state and members of society, in order to meet both the needs of the state and the needs of society as a whole, whether collective or of general interest.

Suggested Citation

  • Mihaela GEORGESCU (MUSETOIU) & Alin Adrian DINCA & Anda Ileana NECULA, 2022. "Public Finance Functions," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(2), pages 90-96.
    • Handle: RePEc:brc:brccej:v:7:y:2022:i:2:p:90-96
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    More about this item

    Keywords

    Conceptual premises; distribution function (resource) allocation function (resource); stabilization function (adjustment) of the economy; distribution function; control function;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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