FISCAL AND BUDGET POLICIES - MAJOR COMPONENTS OF ECONOMIC AND SOCIAL POLICY MIX IN ROMANIA AT PRESENT AND IN FUTURE

The main goal of the Government's economic policy is represented by ensuring coherent macroeconomic stability, by maintaining a conservatory fiscal position and by promoting prudent salary policies in order to support disinflation and limit foreign imbalances which shall facilitate sustainable economic growth and a real convergence. The fiscal and budget policies applied in Romania in the years before the crisis have led to domestic and foreign imbalances which must be changed during the next period. The sustainable accomplishment of lower budget deficits involves the significant change of the budget process as well as reforms of revenue and expense policies.