Public Finance

CONTENTS


PART I - THEORETICAL ASPECTS

Chapter I: Public Finance / 9
1.1. Public Finance - Concept / 10
1.2. Public needs vs. individual needs. private goods and public goods / 11
1.3. Economic content of public finances / 13
1.4. Functions of Public Finance / 14
1.5. The role of public finance in a market economy / 18
1.6. Financial Mechanism / 19
1.7. Economic and financial levers / 21
1.8. Financial Policy / 22

Chapter II: Public Expenditure / 31
2.1. Features of public spending / 32
2.2. Factors that influence public spending / 34
2.3. Classification of public expenditure / 35
2.4. Efficiency of public spending / 44
2.5. Problems solved (indicated by the size of public expenditure) / 46
2.6. The main categories of public expenditure / 54
2.7. Public spending in Romania in the period 2006 - 2010/72

Chapter III: Public Income / 77
3.1. Public Revenue - features / 78
3.2. Factors that influence the evolution of public revenues / 78
3.3. Classification of government revenue / 79
3.4. Direct and indirect taxes / 85
3.5. The evolution of public revenues in Romania in the period 2006 - 2010/98
3.6. Problems solved (indicated by the size of government revenue) / 106

Chapter IV: Public Budget / 125
4.1. Characteristics of the state budget / 126
4.2. Budgetary principles in Romania / 129
4.3. Budgetary principles in the EU / 131
4.4. Sizing methods revenues and expenditures / 136
4.5. Budget Process / 138
4.6. Problems solved (indicated by the size of the budget / budget balance) / 144
4.7. Problems solved / 154

Chapter V: Public Credit / 165
5.1. Characteristics of public credit / 166
5.2. Placing and repayment of loans by state / 169
5.3. Classification of loans by state / 172
5.5. Problems solved / 174

Chapter VI: Public Debt / 179
6.1. Public debt features / 180
6.2. Domestic public debt / 180
6.3. External public debt / 182
6.4. Problems solved / 183

PART II - verification test

1. Expenses Public / 203
2. Public Income / 228
3. Public budget / 242
4. Public Credit / 253
5. Public debt / 261

REFERENCES / 276