Course Code: FB 313 • Study year: III • Academic Year: 2022-2023
Domain: Finance • Field of study: Finance and Banks
Type of course: Compulsory
Language of instruction: Romanian
Erasmus Language of instruction: English
Name of lecturer: Dan Constantin Dănulețiu
Seminar tutor: Dan Constantin Dănulețiu
Form of education Full-time
Form of instruction: Class
Number of teaching hours per semester: 56
Number of teaching hours per week: 4
Semester: Autumn
Form of receiving a credit for a course: Grade
Number of ECTS credits allocated 5

Course aims:

To acquire fundamental knowledge about the Romanian budget system and its importance for the economy;
To acquire abilities for using concepts, methods, tools and techniques specific for the budget system;
To understand the role, organization and operations of the public treasury.

Course Entry Requirements:


Course contents:

1. Distinctions about public budgets and budgeting. 2. The public sector and its importance. 3. The budget system (emphasis on Romanian case) 4. The budget process – general aspects 5. Budget formats and budget preparation 6. Budget approval: The role of the Parliament 7. Managing budget execution and control 8. Intergovernmental relations (special view on Romanian case) 9. Public deficit, debt and debt management 10. Municipal bonds 11. Public Treasury and its role on budget policy

Teaching methods:

Lecture, conversation, exemplification.

Learning outcomes:

To analyze critically the state influence through budgeting system; The abilities to develop plans and public budgets

Learning outcomes verification and assessment criteria:

Exam – 60%; verification during semester (project) – 40%.

Recommended reading:

Allen, R. and D. Tommasi, Managing Public Expenditure: A Reference Book for Transition Countries, Organisation for Economic Co-operation and Development. , Paris, , 2011 , -
Atkinson Anthony, Stiglitz Joseph, Lectures on public economics, McGraw-Hill Inc. , New York , 2015 , -
Morgan D., Handbook on public budgeting, Portland State University , Portland , 2002 , -
Andrei L.D., Brezeanu P., OPTIMIZING THE FINANCIAL STRUCTURE OF THE STATE TREASURY IN ROMANIA, Romanian Journal of Economic Forecasting – XXII (2) , Bucharest , 2019 , 180-195
Sandeep Saxena and Sami Yläoutinen, Managing Budgetary Virements, IMF , - , 2016 , -