BUDGET AND BUDGET EXECUTION IN THE NORTHWEST REGION OF ROMANIA

Abstract

The budget is a tool multiannual financial forecasting both at micro and macro level. In this sense, regional and local government budget is a financial instrument that connects resources to use local funds in order to ensure the prosperity of the community concerned. Construction and especially budget execution highlights the effectiveness of local and regional government. Using a system of indicators correlated reveals income, expenditure and budgetary outturn.

Keywords

• budget, budget execution, cash flow, revenue collection level, primary deficit