7. Under formal (financial) aspect, the budget represents: a) the expression of the options of government in its competence fields, determined by factors as the political doctrine of the governing party/parties, the attitude of the opposition, the power of demand of the various pressure groups, the economic situation, the international situation, etc.; b) the economic and monetary relations taking place in the process of the gross domestic product distribution according to the economic, social and financial objectives of each period; c) the program document in which the state registers yearly the size and the structure of the income and expenses in the public economy; d) an estimation of a resources over a specified period for a specific individual; e) a contract (policy) in which an individual or entity receives financial protection or reimbursement against losses from an insurance company