ENSURING FISCAL AND BUDGETARY DISCIPLINE AT THE EUROPEAN UNION LEVEL - SUPPORT OF THE SUSTAINABLE ECONOMIC DEVELOPMENT

Abstract

At the European Union level, in the economic, fiscal and labor employment field, the fundamental principle of action is the coordination. The purpose of the joint efforts in this area aims, according to the Treaty on the Functioning of the European Union, art. 119, inter alia: stable prices, healthy public finances and monetary conditions, stable balance of payments. Economic, budgetary and employment policies for Member States are developed and implemented by the national governments under the "general guidelines" contained in a recommendation adopted by the European Union Council, following some procedural steps well regulated

Keywords

• fiscal policy
• budgetary policy
• budgetary objective
• stability programme
• budgetary deficit