Aspects Regarding Policy and the Financing Mechanism of the Consolidated General Deficitary Budget

Abstract

The purpose of the paper is the quantification and identification of the mechanism of financing the general government deficit. The theme of this paper is topical because the issue of the budget deficit is a topical issue both within the scientific community and decision makers in the public. The time period for which analyzed consolidated budget deficit is 2009-2015, and arrangements for financing the budget deficit presented in the paper are: financing from tax increases by reducing spending, by issuing monetary and public debt. The results of analysis of the evolution general government deficit in 2009-2015 shows that the time was reduced from 36400.1 million lei in 2009 to 10361.3 million lei in 2015. The paper does not aim to bring solutions to reduce the budget deficit and aims at exposing the general government deficit in 2009-2015 timeframe and identify opportunities for its financing, so the future can serve other studies focused on the possibilities of influencing the deficit general government.

Keywords

• revenue
• expenditure
• deficit budget
• financing