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State Budget Deficit During Crises: Constraints and Balancing Policy

Author

Listed:
  • Marius SURUGIU

    (Institute of National Economy,Romanian Academy)

  • Valentina VASILE

    (Institute of National Economy,Romanian Academy)

  • Raluca MAZILESCU

    (Institute of National Economy,Romanian Academy)

  • Camelia SURUGIU

    (Faculty of Administration and Business, University of Bucharest)

Abstract

The balance between state budget revenue and expenditures represents a challenge for any government, especially in times of crisis. Economic theory has defined different behaviors for managing the budget balance. However, a crisis highlights the constraints and limitations between expectations, the yield of budget receipts, and the efficiency of public budget expenditures. This paper analyzes the relationship between the Romanian state budget revenue and expenditures for 2000-2021. Furthermore, the effects of crises (the financial and the health crises) on revenue, expenditures, and the state budget deficit, are highlighted. The results show statistically significant relationships between variables

Suggested Citation

  • Marius SURUGIU & Valentina VASILE & Raluca MAZILESCU & Camelia SURUGIU, 2022. "State Budget Deficit During Crises: Constraints and Balancing Policy," Romanian Journal of Economics, Institute of National Economy, vol. 55(2(64)), pages 5-21, December.
    • Handle: RePEc:ine:journl:v:55:y:2022:i:64:p:5-21
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    More about this item

    Keywords

    budget revenue; budget expenditures; budget balance; financial crisis; health crisis;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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