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RESEARCH PRODUCT

State Budget Constrains for 2013

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Abstract The state budget for 2013 is characterized by major constraints generated by the date of payment for the loans committed in the previous period, the high level of the payment arrears from the budget to the real economy, the insurance of the money amount required for the operational programs co-financing and by the acceptance of a lower budget deficit than in 2012, with negative consequences for the economic growth and that doesn’t ensure premises for reducing development gaps between Romania and other EU countries. Decreasing the economy financing by excessive budget deficit reduction is completed this year by the banks financing lines, which is still a handicap for financing the real economy.In this context, the executive power has sustained the project regarding the state budget, followed by a legislative package which brings changes into the tax system, having the purpose of growing the budget fiscal income.