The effects of the financial crisis that began in 2007 are still being felt in the global economy. Despite the fact that its low point was apparently reached, the economic recovery will last long, with an economic growth below potential and a gradual decrease of unemployment over several years....

Public institutions have as their main mission the redistribution of public wealth through the community services. In the Romanian budgeting system, education is considered a priority of national interest. Higher education is a clear contributor to the development of the society as a whole by...

In Romania, the aspects concerning the budget process are laid down in Law 500/2002 regarding public finance. According to this law, budget inputs and outputs as well as the specific regulations of a fiscal year are provided and authorized for a budget year by an annual budget law. Budgeting, a...

Budgeting, a set of steps taken by state competent bodies in order to materialize the financial policy applied by governmental authority, takes place in the following stages: setting out the budget statement, approving the budget, budget execution, budget execution completion, controlling and...

The need often arises to explain and control, as much as possible, those phenomena and processes in the economy that can reflect more or less favourable situations. For that purpose, a range of efficient instruments are devised to help us explain the existing situations and eliminate (or at...

The educational system’s modernization implies the transfer of responsibilities regarding the multiplication of financing resources and expense coordination to the level of the institution’s management (the school director) and the direct participation of the local community and of the...

Everyone, whether they be private individuals or companies, are potential tax payers to the state so long as they receive revenues within its territory, which is why they need to have solid financial knowledge. The multiple legislative transformation within the financial arena, brought about by...

The budgetary politics, regarded as an assembly of state intervention instruments, generated by the forming processes, by taxes and duties, of the budgetary incomes, of budgetary expenses allotment, as well as on ensuring the budgetary equilibriums represent the budgetary politics of the state,...

The economic growth and the research of the inflation, as objectives of the monetary policy of a country, are a major problem for all the monetary authorities of all countries and a priority for economic analyses from different times. The fact that in the 20th century, all countries have known...