THE BUDGETARY POLICY OF THE EUROPEAN UNION IMPLICATIONS IN THE PROCESS OF PLANNING THE ROMANIAN BUDGET
THE BUDGETARY POLICY OF THE EUROPEAN UNION IMPLICATIONS IN THE PROCESS OF PLANNING THE ROMANIAN BUDGET

Summary/Abstract: The author of the study makes an analysis of the genesis, evolution and principles on which the European Union’s budget is made, as a result of a budgetary policy which has been developed starting with the fifties and up until now. The budgets of the three communities (ECSC, CEE and EUROATOM) have evolved towards unification, towards applying equitable procedures regarding the capitalization of incomes and the allocation of expenses, for implementing a financial planning – starting with the year 1988. The budget of the Union is designed and adopted in the spirit of the European authorities cooperating with the member states and provides the necessary resources for accomplishing the objectives of the European development policies. In the analysis of the dynamics of the European Union’s budget, the author underlines the essential evolution markers, especially those regarding the structure of funds correlated with budgetary expenses and the priorities of the already covered stages, making use of illustrations and quantitative demonstrations. The following can be found among these evolution markers: substantiation of the budget according to rational and equity criteria, institutionalization of budgetary discipline, optimization of the procedure, subordination of the annual budget of the Union to a strategy conceived on a period of at least five years, for the purpose of ensuring political coherency in the field and for eliminating the symptoms that specific to the financial crisis. This evolution is demonstrated by the adopting of the multi - annual financial frame for 2007-2013, by the Council of the European Union. In this theoretical context, the author presents the correlations between the general Budget of the E.U. and that of Romania, as a member state, the main directions in the process of reforming European and Romanian budgetary policies. In the case of Romania, the conception and passage of the Law of budget and the annual budgetary term were subject to a perfecting process that was commenced in the year 2009, and was focused on adapting the methodology of elaborating the budget programme to the European norms in this field.

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