DIFFICULTIES IN LIMITING THE EXPANSION OF THE ROMANIAN PUBLIC SECTORJournal: The Journal CONTEMPORARY ECONOMY (Vol.1, No. 2)
Publication Date: 2016-06-30
Authors : Aura Emanuela DOMIL;
Page : 21-25
Keywords : public sector; social responsibility; financial statements for public sector.;
Taking into consideration the dimension of economic public sector it can be considered as part of the economic system. One of the major and current problems is precisely the need to put a limit to the expansion of the budgetary sector, because in the last years we witness the progressive public sector expansion in the economy. In Romania the economic growth has been reflected more in public sector development at the expense of the undevelopment of the private sector. For that, there are difficulties in financing and supporting this oversized sector, based on income from household. We consider that appropriate measures must be taken in order to correct financial statemants for public sector by optimizing expenses for missions and programs. Financial statements of public sector as essential tool in the programming, budgeting, management and reporting must support economic and financial objectives set by European institutions in order to maintain financial stability and administrative responsibility in EU.
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