Some Aspects Regarding the Financing of the Environment Fund in Romania

Abstract

The Environmental Fund is an economic and financial instrument designed to support and implement projects and programs for environmental protection. There is an ongoing debate on the criteria for allocating environmental funding, in particular the adjustment of funding. The specialized literature focused mainly on the optimal tax rate, on investments and expenditures with environmental protection at macroeconomic level. In the specialized literature in Romania there are no case studies presented at enterprise level (microeconomic). According to O.U.G. no. 196/2005 on the Environmental Fund, with subsequent amendments and completions, constitutes an income to the Environmental Fund a contribution of 2% of the revenues from the sale of waste obtained by the owner of the waste. The amounts are withheld at source by the economic operators who have the obligation to calculate and transfer the amounts. Thus, we will study the way of recording by companies (at microeconomic level) the contribution of 2% that constitutes income to the Environmental Fund.

Keywords

• finance
• ecology
• environmental fund
• accounting monograph