Abstract:
In this article the author deals with financial policies: fiscal policy and monetary policy. There are indicated three major gaps that creates major problems for an efficient fiscal policy: the gap on the recognition, legislative and administrative offset and gap impact. There are analyzed restrictive and expansionary fiscal policy and the influence on the budget. Also, there are analyzed the effects of expansionary monetary policy and the impact on the budget. There are studied the effects of budget growth in a flexible exchange rate regime and a fixed exchange rate regime.