THE BUDGET DEFICIT OF ROMANIA IN 2016. FINANCING AND PERSPECTIVES

Studies regarding the determination of the budget deficit, the ways of financing it and the assessing of the debtl evel are specific to different economies, due to the existing disparities in terms of the adopted development models and the issues of financial, social and administrative nature found and implemented through governance programs. These differences raise a number of issues that involve a rigorous approach to the potentially unfavorable outcome of a budget deficit and the public debt establishment beyond a non‑inflationary level of funding. In our country, taking into account the fact that the economic activity unfolds in a complex and often unstable context, and due to the preoccupation to establish the place of the budget deficit, a special role is assigned to the calculation of the weight of the public financial deficit within the expenditures and revenues of the general consolidated budget and the permanent concern for its diminution.