0000000000091274
AUTHOR
Moldovan Iosif
showing 5 related works from this author
STREAMLINING THE BUDGET PROCESS BY PRIORITIZING PUBLIC INVESTMENT PROJECTS
2014
The substantiation of the state budget for 2014 has also considered some measures to improve budget planning activities by prioritizing public investment projects. The prioritizing approach of public investment projects in the budget process is a particularly important and complex one, involving a set of coherent and responsible evaluation, selection and prioritization activities of such projects based on a well defined prioritizing criteria and mechanism. It was started in 2012, unfortunately not as an undertaking of public decision makers in Romania, but as a requirement of the World Bank and International Monetary Fund in order to improve the budget process. The reason is the fact that n…
ASPECTS REGARDING FISCAL HARMONIZATION IN EUROPEAN UNION
2012
Specific issues of public finance in general and taxation in particular have been always considered an essential attribute of a national state sovereignty. In the modern times, taxation due to its complexity and the vast area of regulation has an influence on national economy but also influences other states due to the international treaties. In the European Union, each Member State has the responsibility to promote and implement fiscal policies. The State then delegates some of its competences to the local authorities, based on the existing administrative system. In future European Union priorities will be different, the concept of tax harmonization will be accepted, sometimes up to the id…
BETWEEN SUCCESS AND UNSUCCESS IN ABSORBING EU FUNDS - POLAND VS. ROMANIA
2015
Component of the cohesion policy promoted by the European Commission, European grant financing represents an inexpensive and important resource for the social and economic recovery of the member states, offering the prospect for the budgetary sustainability, encouraging public and private investments and thereby reducing the development gaps both at national and international level. In the present study, through the comparative analysis between Romania and Poland in the field of EU funds absorption, we intend to identify the weaknesses and the strengths of each of the two member states, helping to formulate a set of recommendations that our country should follow in order to attract funds re…
ARGUMENTS FOR THE ESTABLISHMENT OF A SOVEREIGN INVESTMENT FUND IN ROMANIA
2013
The creation of the national development fund was approved in 2006 through the specific legislation. The main argument in supporting the idea of creating this fund was the fact that Romania still had to privatize some more governmental ownership companies and the sums that would be obtained were going to be used according to some very precise rules. Another argument was that the executive power had to assure the financing of some major infrastructure investment projects, to assure the local contribution of the project financed by structural funds and to assure de necessary funds for solving the problems caused by the retrocession of some buildings. The audit report of the Romanian Court of …
“The Limits” of Economic Growth in Romania
2014
Abstract A sustainable economic growth of GDP of 3-4% annually in Romania for the reduction of gaps in development was considered impossible by most institutions of various skill and opinion leaders, as well as of international financial bodies. The reasons cited were delayed public reforms, low growth potential as a result of the crisis, the overview status of the states in the Eurozone dependent on inside community trade and also the prospects for a lasting economic stagnation, the balance sheet effect, as a result of over indebtedness of firms and individuals that substantially reduced inclination towards investment and consumption. Contradicting these forecasts, in 2013, Romania's econo…