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Opinions Regarding The Budgetary Performance In The Public Sector Of Romania

Author

Listed:
  • CATALIN FLORIN ZETI

    (LUCIAN BLAGA UNIVERSITY OF SIBIU)

  • SEBASTIAN ILIE DRAGOE

    (LUCIAN BLAGA UNIVERSITY OF SIBIU)

Abstract

Economic development has generated a continuos growth of public expenses. The public financial management was developed conceptually by economists as a tool for measuring the performance of public spending. Therefore, the goal pursued by all market economy states was to reform public finances in order to achieve budget performance. The study of some current issues regarding the international experience in policies and budgetary performance, presented in the specialized literature, is useful for understanding the transformations occured in Romania. The analysis of the main synthetic indicators of revenues and expenditures in the post-accession period of Romania allows us to conclude how effective the well-knownbudgeting theoretical aspects were implemented. Although the theoretical principles and rules in this field have been assimilated into the national legislation, the the Romanian budgets had many sceptical reviews by the international financial institutions, in the period immediately after the accession of the European Union. The accuracy of the budget programming is one of the objectives of the financial audit missions. It is carried out by the Court of Accounts of Romania on the annual accounts of budget execution. The recommendations are formulated to increase the responsibility of budget elaboration and execution. The research methodology involves the use of descriptive and comparative methods on the current situation, at international and national level.

Suggested Citation

  • Catalin Florin Zeti & Sebastian Ilie Dragoe, 2020. "Opinions Regarding The Budgetary Performance In The Public Sector Of Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 73-82, April.
    • Handle: RePEc:cbu:jrnlec:y:2020:v:2:p:73-82
    as

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    References listed on IDEAS

    as
    1. World Bank, 2010. "Romania - Functional Review : Transport Sector," World Bank Publications - Reports 12278, The World Bank Group.
    2. Mr. Jack Diamond, 2003. "From Program to Performance Budgeting: The Challenge for Emerging Market Economies," IMF Working Papers 2003/169, International Monetary Fund.
    3. World Bank, 2010. "Romania - Functional Review : Public Finance Sector," World Bank Publications - Reports 12291, The World Bank Group.
    4. World Bank, 2010. "Romania - Functional Review : Pre-University Education Sector," World Bank Publications - Reports 12279, The World Bank Group.
    5. Antonio Afonso & Ludger Schuknecht & Vito Tanzi, 2010. "Public sector efficiency: evidence for new EU member states and emerging markets," Applied Economics, Taylor & Francis Journals, vol. 42(17), pages 2147-2164.
    6. World Bank, 2010. "Romania - Functional Review : Romania Competition Council," World Bank Publications - Reports 12281, The World Bank Group.
    7. Marc Robinson & Duncan P Last, 2009. "A Basic Model of Performance-Based Budgeting," IMF Technical Notes and Manuals 09/01, International Monetary Fund.
    8. Mr. Duncan P Last & Mr. Marc Robinson, 2009. "A Basic Model of Performance-Based Budgeting," IMF Technical Notes and Manuals 2009/001, International Monetary Fund.
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