Description: Romania - Functional Review : Public Finance Sector

Romania - Functional Review : Public Finance Sector

The objective of this review is to analyze the public finance and revenue administration function across the Government of Romania and to identify opportunities for enhancements in strategy, processes and organization. The review provides a strateg...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS TO FUNDS ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATIVE CAPACITY ADMINISTRATIVE COSTS ADMINISTRATIVE OVERHEAD AGGREGATE FISCAL DISCIPLINE APPROPRIATIONS APPROVAL PROCEDURES ARREARS ASSET MANAGEMENT BANKING SERVICES BANKS BENEFICIARIES BORROWING BRANCH NETWORK BUDGET DEFICIT BUDGET EXECUTION BUDGET FORMULATION BUDGET MANAGEMENT BUDGET PROCESS BUDGETING CASH BALANCES CASH MANAGEMENT CASH PAYMENTS CHECKS COMPLIANCE COSTS CONTINGENT LIABILITIES CORPORATE GOVERNANCE COST ESTIMATE CREDIBILITY CREDITS DEBT CRISIS DEBT MANAGEMENT DEBT MANAGEMENT AGENCY DEBT SERVICE DEBT SERVICE PAYMENT DEBT SERVICE PAYMENTS DISBURSEMENT DISBURSEMENTS ECONOMIC ANALYSIS ECONOMIC ASSUMPTIONS ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC PROJECTIONS ECONOMIC RECOVERY ECONOMIC STABILITY ECONOMIES OF SCALE ELECTRICITY ELECTRONIC PAYMENT ELECTRONIC PAYMENT SYSTEM EMPLOYERS EXCHANGE RATE EXPENDITURE EXPENDITURES FEDERAL AGENCY FEDERAL BUDGET FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL POLICIES FINANCIAL POLICY FINANCIAL REPORTING FINANCIAL RESPONSIBILITY FINANCIAL SERVICES FISCAL ADMINISTRATION FISCAL BALANCE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL POLICIES FISCAL POLICY FISCAL REFORMS FISCAL RESPONSIBILITY FISCAL TRANSPARENCY FRAUD GOVERNMENT DEFICIT GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT SPENDING GUARANTEE FUND HUMAN RESOURCE HUMAN RESOURCES INFLATION INFORMATION MANAGEMENT INFORMATION SOCIETY INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTITUTIONAL REFORM INTEREST RATE INTEREST RATES INTERGOVERNMENTAL FISCAL RELATIONS INTERNAL AUDIT INTERNATIONAL FINANCE INVESTMENT PLAN ISSUANCE LEGAL FRAMEWORK LEGAL TRADITIONS LENDING CONDITIONS LEVEL OF RISK LIMITED LIABILITY LIQUIDITY LIQUIDITY CONSTRAINTS LOCAL GOVERNMENTS LOTTERY MACROECONOMIC ENVIRONMENT MINISTRIES OF FINANCE MONETARY FUND NATIONAL BANK PAYMENT ORDERS PENSION PENSIONS PORTFOLIO PORTFOLIOS PRIVATE SECTOR PRIVATIZATION PROVISIONS PUBLIC PUBLIC ASSETS PUBLIC DEBT PUBLIC DEBTS PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC FINANCES PUBLIC FUNDS PUBLIC POLICY PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR EMPLOYMENT PUBLIC SPENDING REAL ESTATE RECEIPTS REGULATORY FRAMEWORK RESERVE RESOURCE ALLOCATION RETURNS REVENUE COLLECTION RISK MANAGEMENT SAVINGS SHAREHOLDER SHAREHOLDERS SOCIAL SECURITY STATE BANK STATE OWNED ENTERPRISES TAX TAX COLLECTION TAX LEGISLATION TAX POLICY TAX REVENUES TAXATION TELECOMMUNICATIONS TRADE UNION TRADE UNIONS TRANSACTION TRANSPARENCY TREASURIES TREASURY UNEMPLOYMENT WAREHOUSE
Online Access:	http://documents.worldbank.org/curated/en/2010/10/17056297/romania-functional-review-public-finance-sector http://hdl.handle.net/10986/12291

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Summary:	The objective of this review is to analyze the public finance and revenue administration function across the Government of Romania and to identify opportunities for enhancements in strategy, processes and organization. The review provides a strategic, medium-term vision for the development of the public finance function while being responsive to immediate problems and challenges. The current fiscal adjustment has reinforced the importance of strong fiscal institutions and public financial management systems. Romania has already taken important steps to improve public financial management but progress has been uneven. Notwithstanding past achievements, there is room for further strengthening of the public finance function, especially in continuing to shift its focus and capabilities from transaction related control to more policy and efficiency oriented tasks.

Romania - Functional Review : Public Finance Sector

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