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Public finance functions

Author

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  • Oana Sabina VEZURE

Abstract

The emergence of public finances is due to objective causes needs and determined their main function being to obtain the financial resources it needs for the State to exercise its powers and on the way to intervene in the economy and society general. Public finances are necessary, subjectively and objectively, as it contributes to accomplishing the tasks and functions of the state, which could not be realized without financial leverage. Public finances are inextricably linked to the existence of the state, and public sector's role in the economy. Thus, they express "social relations, economic arising in the establishment and use of public funds between the state, on the one hand, and members of society on the other hand, to meet the needs of general interest of society" [1]. Thus, the role of public finance is to meet the needs of general interest or collective needs.

Suggested Citation

  • Oana Sabina VEZURE, 2011. "Public finance functions," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 221-231, September.
    • Handle: RePEc:cbu:jrnlec:y:2011:v:3:p:221-231
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    Cited by:

    1. Isabela STANCEA, 2017. "The Evolution And Functions Of Public Finance," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 2(4), pages 59-63.

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