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Some Aspects Regarding the Financing of the Environment Fund in Romania

Author

Listed:
  • Teodor Hada

    (“Bogdan Vodă†University of Cluj-Napoca)

  • Iulia Iuga

    (“1st of December 2018†University of Alba Iulia)

  • Dorin Wainberg

    (“1st of December 2018†University of Alba Iulia)

Abstract

The Environmental Fund is an economic and financial instrument designed to support and implement projects and programs for environmental protection. There is an ongoing debate on the criteria for allocating environmental funding, in particular the adjustment of funding. The specialized literature focused mainly on the optimal tax rate, on investments and expenditures with environmental protection at macroeconomic level. In the specialized literature in Romania there are no case studies presented at enterprise level (microeconomic). According to O.U.G. no. 196/2005 on the Environmental Fund, with subsequent amendments and completions, constitutes an income to the Environmental Fund a contribution of 2% of the revenues from the sale of waste obtained by the owner of the waste. The amounts are withheld at source by the economic operators who have the obligation to calculate and transfer the amounts. Thus, we will study the way of recording by companies (at microeconomic level) the contribution of 2% that constitutes income to the Environmental Fund.

Suggested Citation

  • Teodor Hada & Iulia Iuga & Dorin Wainberg, 2020. "Some Aspects Regarding the Financing of the Environment Fund in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 954-961, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:954-961
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    finance; ecology; environmental fund; accounting monograph;
    All these keywords.

    JEL classification:

    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm

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