APPROACHES TO THE EVOLUTION OF THE SOCIAL CONTEXT THROUGH THE LENS OF THE SOCIAL INSURANCE BUDGET EFFORT IN ROMANIA. REALITIES AND PERSPECTIVES

Abstract

The social context in Romania is determined by the issue of the degree of social security, through the budgetary effort in a context of rising inflation and elements of geopolitical instability manifested by recession and social insecurity, especially for the lowincome population. The objective of the study is to identify the current situation affecting the social status of citizens in Romania and the prospects for its evolution by introducing a social security index based on statistical and econometric forecasting methods. The methods used are of an empirical nature represented by the study of the specialized literature and of an analytical nature, respectively the consolidation of databases, econometric modelling, prospective analysis and economic forecasts. The results of the study are useful for national decision-makers in order to adjust social policy elements in line with the sustainability objectives agreed at European level and in relation to the growing needs of the population at risk of poverty, continuing inflation and economic recession.

Keywords

• social protection
• social security index
• economic recession
• social contributions
• econometric model