EIRP Proceedings, Vol 2 (2007)

Abstract

The role of the Ministry of Public Finance is to collect and manage the public financial resources, by a complex
system of budgets: the state budget, the state social security budget, the local budgets, the special funds budgets,
the budgets of the external grants, the state treasury budget and the budgets of other autonomous public
institutions. This activity is performed according to the law, securing the budget balance and implementing the
financial policy of the state. The formulation and execution of the budget is based on the principles of
universality, publicity, unity, annually, budgetary specialisation, monetary unity.
In order to accomplish its role, the Ministry of Public Finance ensures the collection of the revenues stipulated
in the budget, in cash and by means of accounts, and performs the treasury operations regarding the government
borrowings. To calculate public expenditures, the Ministry of Public Finance considers the financial policy of
the state, the number of employees, the existing public institutions network, the institutions to be created, the
efficient use of existing equipment. The main directions for using public funds are aimed at: the social sector
(education, health, social care and security, culture, arts, youth and sports, environment recovery and
protection); supporting research programs; the economic sector (investments and other economic activities of
public interest, subsidies, facilities, etc.); national defence, public order and national safety; central and local
public administration; the interests related to the public debt and the expenditures related to issuing and selling
securities.