The role and influence of the political factor in establishing the financial and budgetary balance and on national stability
Financial-budgetary balance and political stability are two concepts strongly interconnected and interdependent. While political instability can lead to serious violations of financial and budgetary balance, financial and budgetary imbalances can lead to changes of government and, especially, to ser...
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2015-09-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1122.pdf
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| Summary: | Financial-budgetary balance and political stability are two concepts strongly
interconnected and interdependent.
While political instability can lead to serious violations of financial and budgetary balance,
financial and budgetary imbalances can lead to changes of government and, especially, to
serious political unrest. No matter the type of imbalances and how they manifest, their
effects are quantified into frustration and discontent and they cause the accumulation of
real social tensions and threats against national stability. For these reasons, political
action must observe a moral or ethical framework, supported by institutions whose role is
to define a general direction. |
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| ISSN: | 1841-8678 1844-0029 |