Lecture5 . The system of public expenses - Vostricov

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Lecture5 . The system of public expenses Economic content of public expenses Classification of public expenses Trends and evolution of public expenses 1. Economic content of public expenses In the process of performance the functions and tasks, the State provides public needs’ coverage. Therefore, the state needs significant financial (money) resources to be mobilized through financial relations. The use of financial resources thus mobilized, takes place through public expenditures. According to the Romanian scholar Iu. Văcărel, the Public Expenditures (PE) express the economic and social relations in the monetary form, which occurs between the state on the one hand, and natural and legal persons, on the other hand, at the distribution and use of state financial resources, in order to accomplish its functions.