Fiscal governance represents the assembly of budgetary and fiscal rules used by a country, together with the
procedures and regulations used in the preparation, adoption and monitoring of budget processes. Achieving fiscal
governance quality implies a fiscal strategy well-grounded in scientifically and praxiological area, the existence of
clear fiscal policy rules, which are supported by law and the existence of an Independent Fiscal Council that oversees
the entire fiscal policy, together with the Government. ( European Institute of Romania, 2009, pg.7-8)