BUGETAREA CHELTUIELILOR DE CAPITAL ȘI ANALIZA COSTURILOR
CAPITAL EXPENDITURE BUDGETING AND COST ANALYSIS

Summary/Abstract: NATO membership has brought Romania real guarantees in terms of national security and defense, but also obligations related to this status, as well as the process of strengthening transatlantic cooperation. In this context, thePresident of Romania has explicitly committed, in the National Strategy for national Defense for the period 2020-2024, the sense that he will support the firm application, further, by Romania of the commitment to finance at least 2% of GDP for defence. In the context of this strategic vision, a major issue that has concerned and continues to concern the decision-making bodies of the Ministry of NationalDefense is to find practical solutions for the transition from the annual funding system to the implementation of the planning, programming, budgeting and multiannual evaluation, accepted by NATO member countries. Budgeting capital expenditures involves making long-term cost planning decisions that form a multiannual project. As such, the budgeting of capital expenditure is an instrument of decision and control applied over a period of several years. Mainly, the literature has systematized six important stages of capital expenditure budgeting, as follows: the identification stage, the search stage, the information collection stage, the selection stage, the financing stage and the implementation, control and evaluation stage.

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