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136 Man, M.; Marin, R.M. • The integration of the strategies regarding public debt at a macro-economic level; • The integration of the management techniques able to anticipate the inherent risks that derives from the process of public debt management. As regards the governmental public debt obligations, let’s notice that the Government (through the Ministry of Public Finances) can contract internal and external refundable financings for the following purposes: financing the deficit of the State’s budget, re-financing and refunding in advance governmental public debt; permanently maintaining a proper balance (established by the Ministry of Public Finances) of the general account of the State’s treasury; financing investments projects meant to develop the priority fields of economy. As regards the financing of the investments projects meant to develop the priority fields of economy, it can be achieved through contracting supplemental refundable funds from international financial organisms. Although Romania has been allocated community funds, the need of contracting these refundable financings is determined by: resuming crediting in Romania (owing to supplementing liquidities on internal financial markets); Romania’s being prepared to enter the euro zone; directing public expenditures towards investments; encouraging private investments; revitalizing certain fields of the national economy (buildings, machines industry). REFERENCES: [1]. Călin, M. (2006) Datoria publică, Didactical and Pedagogical Publishing House, Bucharest [2]. Dascălu, E.D. (2008) Datoria publică reglementare şi administrare în România, Didactical and Pedagogical Publishing House, Bucharest [3]. United Nations Conference on Trade and Development, Development of a Debt Statistics Bulletin – participant’s handbook, DMFAS program, UNCTAD [4]. United Nations Conference on Trade and Development (2009) Presentations on Debt Management, UNCTAD’s Seventh International Debt Management Conference, Geneva [5]. Law no. 109, dated May, 9th, 2008 for the approval of Emergency Order of the Government no.64/2007 regarding public debt, published in Monitorul Oficial no. 369/ 14.05. 2008 [6]. The general execution account of 2008 public debt [7]. http://www.mfinante.ro [8]. http://www.insse.ro
Annals of the University of Petroşani, Economics, 11(1), 2011, 137-144 137 THE MINING PROJECTS - AN APPROACH IN TERMS OF PARTICULARITIES OF USE THE FACTOR OF PRODUCTION “CAPITAL” SORIN-IULIU MANGU, CARMEN DANIELA MANGU, DIANA CORNELIA CSIMINGA * ABSTRACT: Regarding the other development projects within an economy, the mining projects (objectified in underground exploitation, day-light exploitation and preparing enterprises) presents specific characters, such as: a great volume of the capital investment; important loss by stopping the invested capital; long period of recouping the invested capital; small rates of profit (or even absent); increased intensity of using the capital factor of production; high value of specific investment. A simple review of these elements determines their contact to the “capital” factor of production. Under these circumstances the given work tries to catch the particular aspects of using the “capital” factor of production in the mining branch. KEY WORDS: factor of production; capital; mining industry; mining project; rate of profit; investment; assets; financing. JEL CLASSIFICATION: D24. 1. THE SYSTEM OF FACTORS OF PRODUCTION WITHIN THE MINING BRANCH OF INDUSTRY Basically the fundamental purpose of developing any economic activity is to satisfy the human needs as fully as possible. Subordinate to this aim are, wholly, all the activities in the mining branch. From the point of view of the specifics, probably no other branch of activity outruns the mining branch of industry. Its own aspects of technological nature (induced * Lecturer, Ph.D., University of Petrosani, Romania, mangusorin@yahoo.com Engineer, economist, S.C. PETROEVAL S.R.L., Romania, daniela.mangu@yahoo.com Lecturer, Ph.D., University of Petrosani, Romania, diana_csiminga@yahoo.com
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