THE REFORM OF THE ROMANIAN BUDGET SYSTEM – A NEW STEP
THE REFORM OF THE ROMANIAN BUDGET SYSTEM – A NEW STEP

Summary/Abstract: The world public sector will undergo important reforms which will take place especially in the next two years. After the introduction of the accrual accounting on a wide scale, it is time for the budget, as the main tool used in the decision-making process, to overcome the boundaries imposed by the traditionalism and be replaced by the budget commitments. Many countries of the world and, of course, from Europe are making efforts in this respect and will either adopt the accrual budget system or have already done so. For this reason, the present paper starts from the benefits of adopting the accrual budgeting, as outlined by those who support them and who make efforts in steering Romania in this direction. In Romania, at present, the public institutions prepare cash budgets, but it is said that in the near future they will be drawn according to the accrual ones. For this reason, we intend to present the experience of other countries related to the implementation of these reforms. We chose the case of Austria because it is the latest and because it could be an example for the Romanian authorities. The research methodology is based on the study of the scientific articles published on this topic, papers, national legal regulations as well as our own experience.

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