Prospects Of Reforming The Budgetary Process, In The Context Of Transformations At European Level

Budget represents an important tool for implementing the political objectives set and achieving the proposed changes, and the timing of a review of the budgetary process is ideal for a comprehensive assessment of policies being implemented, both in terms of past actions and to cope with future success. Outside the restrictive conditions in the treaties of the European Union, Member States have a responsibility and an opportunity at the same time, to develop their own fiscal policies and systems in the field of management of budgetary resources. The need to reform the European budgetary policies consists of the events that have overtaken the unprepared european block, the most relevant being the sovereign debt crisis and Brexit. Knowledge of the development of the most important reforms of the European Union's own resources and the identification of concerns of new revenue sources at european level provides the premises of the fair of domestic policy decisions in order to maximise the benefits of membership in the European Union. In this context, opens the prospect of an analysis of the desirability of reforming the budgetary system in Romania.