FINANTE PUBLICE IULIAN VACAREL 2007 PDF
But, by this measure the. Iulian Vacarel and the co-authors, „ Finante publice ”, The 6-th Edition, Publishing house Didactica si Pedagogica,. Bucharest, 64/ on public debt, approved by Government Decision no. .. Văcărel Iulian, (coordonator), Finanţe Publice, Editura Didactică şi Pedagogică, București. Finantele publice sunt necesare, în mod subiectiv şi obiectiv  Văcărel Iulian , Finanţe Publice, Editura Didactică şi Pedagogică ,;. Văcărel Iulian.
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The evolution of public debt percent of the GDP indicator for the period —  is shown in the following chart, as follows: As compared topublic deficit in relation to the GDP decreased in in 10 member states, the Netherlands and the United Kingdom had the same deficits in as inEstonia and Denmark switched from a deficit in to an excedent inGermany recorded a little higher excedent in than inwhile the excedent of Luxembourg had slightly decreased from 3 until In this context, national institutions having competences in this field are under the obligation to prudently conduct the fiscal-budgetary policy and to manage budgetary resources and liabilities, as well as the fiscal risks so as publics grant the sustainability of the fiscal position, on medium and long term.
Public debt managers operate nowadays in sophisticated and complex financial environment sand a global capital market can generate numerous benefits iluian example, easier access to a larger capital portfolio at a lower cost, more effective internal capital markets and the possibility to better adapt risk through new financial instruments.
The level of the GDP within the EU 28 had a similar, but less abrupt tendencywhich only went up 2007 3. Analysis of public debt sustainability The analysis of public debt sustainability is meant to offer answers and solutions relating to the capacity of a government to maintain the vacxrel direction of expenditures and revenues or, in case they have to make an adjustment, iulia turn government public debt constant as a proportion of the GDP. Evolution of the ratio between the deficit and the GDP in EU member states, in the period — Laffer, The Laffer Curve: As of its accession to the European Union, Romania had one of the lowest public debt level within the EU Year Public Debt mil.
Volume 4, Issue 4, At European and world level, financial stability is upset by the alarming increase of states ‘ debts.
Văcărel, Iulian [WorldCat Identities]
To ensure reasonably sustainable public debt levels, EU member states need to attain medium term strategic budgetary objectives, that would ensure a downward trend of public debt, a condition which can be fulfilled by compliance with budget ifnante rules, which ground development in the macroeconomic framework.
Economic openness is one of the actual convergence criteria, while actual convergence is obtained by sustained macro-economic policies. The evolution of indebtedness of EU member states, in the period — Source: Among general factors acting in the financial domain, the special regulations providing different conditions for certain loans are extremely important.
Furthermore, legal provisions  established certain principles grounding the implementation of an efficient management of public finances, respectively of the public debt which would serve long term public interest, of an economic prosperity, as well as to anchor fiscal-budgetary policies in a sustainable framework. As the need for public publicr resources is growing permanently, a decrease ilian the tax levels can cause confusion or even public controversy.
Inthe deficit exceeded The evolution of public debt percent of the GDP indicator for the period —Source: Public debt is made of the central administration’ liabilities and includes the following categories: In this respect, we consider that the moment Romania fulfils the economic growth conditions, it will benefit from acquiring the statute of a member state of the European Monetary Unionwhich will result in an enhancement of the country’s economic opening degree and which will influence the gross domestic product dynamics.
Finanţe publice by Elena Popa on Prezi
The analysis of public debt sustainability is meant to offer answers and solutions relating to the capacity of a government iulia maintain the same direction of expenditures and revenues or, in case they have to make an adjustment, to turn government public debt constant as a proportion of the GDP. The evolution of indebtedness of EU member states, in the period — In this context, states’ needs are covered, to the greatest extent, from taxes, fees, contributions, take-offs, which the state collects from tax payers.
Current economic context of public debt The financial crises at global level during the latest 25 years resulted in the negative impacting of governments’ capacity to reimburse accumulated debt, which triggered bot h budget difficulties and economic disturbances. Moreover, it can be established if iiulian is a possibility to replace eventual losses of resources from the targeted taxpayers with tax charges that affect other financial actors.
T he other 12 EU member states had higher deficits in as compared to The decision to make a sub-loan involves recovery risks. The state loan finanet a defining element of public debt, as provided in the specialised literature and in the legal texts.
From this perspective, the openness of Romanian economy shall be influenced in its evolution only by the exports volume, which, in turn, shall depend on the variations of the demand and offer on international markets and on the gross domestic product dynamics. Furthermore, it can be seen that certain significant increases of this indicator were also recorded inrespectively In order to maintain public debt at an acceptable level, it is necessary that the economy of Romania focuses efforts and financial resources to enhance the gross domestic productby developing both the industrial sector through investment in intelligent technologies, which would generate added value, and through the agricultural sector ecological agriculturebut also by developing constructions and services for population.
Up to now, the public debt notion went through the following defining process : Taxes on physical and juridical persons constitute a permanent source of income for the authorities, income that is used to cover public expenses. Nevertheless, public debt strategies may become dangerously vulnerable when confronted with unforeseen events, such as private sector balance deterioration, which can result in tax ationfinancial and economic crises.
Population of Romania mil. Abstract PDF References Article Recommendations Abstract Taxes on physical and juridical persons constitute a permanent source of income for the authorities, income that is used to cover public expenses. Issue 2 First Online: A s it can be noted on the overall analysed period, the population of Romania had a downward trend, so that at the end of there were The increase of gross domestic product may be reached by abating taxation pressure over economyespecially over the productive sector of all economic branchesas well as by increasing the collection degree of taxes and feeswhich can generate financial resources, funds which need to be oriented with priority towards investment making in the production sector of the Romanian economy.