Oditor, No. 06/2013
BUDGET POLICY IN MACROECONOMIC POLICY AND DEVELOPMENT
dr Radovan Damnjanović
Budget today are almost always out of balance. Expenditures are regularly higher than income, which means that there is a policy of deficit budgets. This is a characteristic of both developed and developing countries and developing countries. The difference, of course, are formed in the size of the deficit. Due to the increasing lack of accumulation they are also much higher in developing countries. Due to the fact that the functioning of budgetary policy in situations of economic imbalance effectively, it’s also become one of the most powerful levers in stabilizacionoj policy. Budgetary policy means managing and analyzing changes in the operation of public revenues and expenditures, related to the politics of deficit or surplus budget policy.
Key words: budget, budget deficit, budget policy, fiscal policy, stabilization, development, inflation tax, public debt.
Radovan Damnjanović Ph.D., University of Defense, Military Academy, Generala Pavla Jurišića Šturma no. 33, Belgrade, Serbia.