EXECUTION OF BUDGET INDICATORS IN ROMANIA’S PUBLIC BUDGET; IMPROVEMENT METHODS

In Romania, the aspects concerning the budget process are laid down in Law 500/2002 regarding public finance. According to this law, budget inputs and outputs as well as the specific regulations of a fiscal year are provided and authorized for a budget year by an annual budget law. As to the budgets making up the general consolidated budget, it should be mentioned that only two of them act as laws; they are the law of public budget and the law of public social insurance budget (and implicitly their amending laws). The present paper envisages the analysis of how effective the execution methods of budget indicators is in the public budget which from the perspective of revenues and expenses means the most important component of the general consolidated budget.