Economic policy represents the set of decisions adopted by the public authorities in order to orient the economic activity

in given direction that is considered rational on national territory. Economic policy have the goal to eliminate the negative phenomena observed in the economy, to change or to

prevent changes of some economic variables.

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Grouping the instruments of state intervention in the economy, according to the institutions that promote them and in terms of objectives to be achieved the following categories of policies can be defined: budgetary, fiscal, monetary, foreign exchange, revenue, prices, employment and sectorial.
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Financial policy is a component of general policy and can be addressed at the

macroeconomic and microeconomic level.

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At the macroeconomic level, the financial policy represents all decisions, methods, tools and practical means of purchasing and directing financial resources, also institutions and state financial regulations used by the state to guide economic processes and social relations in a given

stage.
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Characteristics of financial policy: is a part of the general policy of the state, influences and other phases of financial reproduction; 1.is performed under a certain strategy and tactics; 2.have a dynamic character; 3.differ from country to country depending on economic potential, level of development,
type of governance the economy, etc.
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Taking into account the sphere which is included in the financial system, are identified 4 categories of policies budgetary, fiscal, monetary, credit - which
form the country's financial policy.

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Strategic financial policy or financial strategy - represents the objectives and decisions that determine the coordinates of financial policy for each step, clearly defined, also the prospective financial programs;

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Strategic decisions have a global character, decisive, are related to problems faced by the management object and supposes their longterm execution. These decisions include plans, programs, projects, adopting the budgets, determination of the main directions in the form of socio-economic concepts, achievement of changes in the management system, development of long-term economic
policy.
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The tactic financial policy or financial tactic include administrative financial planning acts for short periods and measures provided for enforcement of financial plans and the specific tasks of a period.

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Analyzing financial policies pursued by different countries we can show 3 types of financial policy: Classical financial policy - dominated in most countries of the world until the late 20's of XX century. The main direction of financial policy was the lack of state intervention in economy, keeping free competition and using market mechanisms
as the main regulator of the economy.
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Financial regulatory policy - aims to use the financial mechanism for regulating the economy and social relations in order to achieve the objectives of national interest. The main instruments used are budgetary, fiscal, monetary, currency, credit.
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Financial administrative policy - was applied in the socialist countries which used the command administrative system in all the economic domains including financial one. The purpose of administrative financial policy is the maximum concentration of available state financial resources for their redistribution according to basic directions of the state plan.
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