THE INCIDENCE OF PUBLIC SPENDING ON ECONOMIC GROWTH

The size of government expenditures and its effect on long-run economic growth, and vice versa, has been an issue of sustained interest for decades. Many studies have analyzed how government expenditures contribute to economic growth. However, they focused on the impact of total government expenditures and overall GDP growth. Very few studies attempted to link different types of government spending to growth, and even fewer attempted to analyze the impact of government spending at the sector level.government expenditure, economic growth, public sector

Management of Objectives and Budgetary Planning

It is required to set short-term and long-term goals, to assess the means we need to achieve the objectives and to make budgetary decisions, as it is about choosing an action program according to the means at our disposal, on the basis of objective criteria by studying system and cost-effectiveness analyzes, even if it is difficult to assess whether an effective decision was taken on a scientific or intuitive basis. This article aims to present two budgeting methods, PPBS and MBO, which could together reduce the disadvantages of a separate action. It is therefore necessary to identify, in a general way, the ways of combining these two methods and their consequences in economic and social terms. Applying this strategy opens the prospect of effectively solving economic problems by rationalizing the budgetary procedure

A theoretical approach of fiscal and budgetary policies

The overall aim of this paper is to highlight the doctrinal issues that can influence fiscal and budgetary policies decisions taken in a certain period by the public decision makers. More specifically, we want to emphasize how classical and neoclassical doctrine influences fiscal and budgetary issues. These doctrinal features should be considered when assessing a period of governance and should be related to underlying fundamentals of organization of an economy in a specific context

The efficiency of the fiscal policy in some concrete doctrinal framework

This paper mainly aims to clarify the ways in which fiscal policy measures can influence the economy, with reference to two popular theories: rational expectation and public choice. These theories present particular issues, born on the Keynesian theory background and explain the cause and effect relationship characteristic of public decisions

The impact of financial performance upon the social responsibility of Romanian SMEs – point of view

The aim of this paper is to assess the different approaches regarding the impact of social and environmental responsibility upon the financial performance. Most of the authors consider there is an impact and mostly only the ways of evaluate it or report it is different from an approach to another. Moreover the literature commonly separates the discussion regarding the social responsibility from the environmental approach. The study developed shows at least a variation of one of the many approaches and shows the specificity of Romanian business environment

Analysis of Budget and Fiscal Policy and its Implications in Terms of Integration into the European Union

Our paper’s aim is to review the main fiscal and budgetary measures taken by theRomanian government in the pre EU era and its effects. Many of them were imposed by the Europeanaquis but other was just proper for the economic national and international context

A Keynesian view on the management of fiscal and budgetary instruments

The purpose of this paper is to emphasize the main features of budgetary and fiscal policies in the Keynesian framework. Thus, we analyzed the defining elements captured by J.M. Keynes in his main work, that discuss about the financial government instruments involving in the economy, showing their true qualities. This analysis captures including the future developments of the Keynesian theory

ENVIRONMENTAL LIABILITIES ACCOUNTING: AN REVIEW OF SOME STANDARDS AND GUIDELINES

The paper’s aim is to assess the recent developments of standards and guidelines regarding the environmental liabilities treatment and reporting. The proliferation of environmental accidents and opening economic consequences on businesses affected by any environmental liabilities accounting purposes has become an inevitable issue for all the enterprises. To overcome the negative effects of these issues upon the financial performance the professional organisms issued different methods and tools for a more comprehensive approach of non-financial forces that occur