The Dynamics of the Revenues and Expenditures of the State Budget in the Period 2014 - 2018

Abstract

With this article, the authors want to emphasize that, as one of the major components of the financial system, by the weight of about 30% in the gross domestic product and by the role it plays in the operation of financial leverage such as fiscal, customs and public spending, the state budget is a fundamental category of finance sciences, linked to the existence of the state and the market mechanism. Formally, the state budget is a list of state revenues and expenditures related to a certain amount of time, usually one year. Highlighting the complex role of the state budget in Romania, the authors try to present its components, namely: financial, economic and allocative, redistributive and regulation for a period of five years. The article ends with the authors’ conclusions regarding the dynamics of state budget revenues and expenditures in the period 2014- 2018.

Keywords

• budget
• public spending
• dynamics
• tax instruments
• public revenue