IMPLICATION OF FISCAL POLICY FOR THE ROMANIAN ECONOMY DURING 2000 - 2015

Narcisa Roxana MOSTEANU

Abstract


This paper aims to examine the result of implication of fiscal policy and their objectives in Romanian economy during 2000 – 2015. The analysis is focused on the expectations and results achieved through the implemented objectives of the fiscal policy. The paper draws especially on the results reflected in the revenues collected to the general consolidated budget of the state, in the share of deficit of general consolidated budget of the state in GDP, on the level of taxation. Also the paper use the financial and fiscal regulation during the period mentioned. Fiscal policy has intense interactions with regional policies, budgetary, monetary, social, as well as and development strategies, regional or national. This aspect is important in order to achieve macroeconomic stability, resulted in achieving sustainable economic growth, in condition of des-inflation, maintaining the current account deficit within limits financed in a sustainable way (in particular foreign direct investment) and strengthening the state foreign exchange reserve.

Keywords


fiscal policy, fiscal policy objectives, general consolidated budget of the state, of the budget deficit, GDP, revenues, expenditures, taxation

References


Burlacu Ghe., Pătroi D., Criminalitatea Economico-Financiară între naţional şi transfrontalier, Editura Paralela 45, Piteşti, 2005

Eijffinger, S., & Jakob de Haan, European Monetary and Fiscal Policy, Oxford University Press, 2000

Gali, J., Perotti, R., Fiscal policy and monetary integration in Europe – article in Economic Policy, European University Institute and CEPR, 2003

Georgescu, F., Starea Economico-socială a României în anul 2000, Editura Expert, Bucureşti, 2002

Moşteanu, Narcisa Roxana, Finanţe Publice, Editura Universitară, Bucureşti, 2011 (a)

Moşteanu, Narcisa Roxana, Fiscalitate, Editura Universitară, Bucureşti, 2008

Moşteanu, Narcisa Roxana, Tehnici fiscale – Fiscal techniques, Editura Universitară, Bucureşti, 2011 (b)

Moşteanu, Narcisa Roxana,The importance of fiscal budgetary-strategy within Romanian economy, Journal Metalurgia International, Bucharest, December 2011, Vol.6, Issue 12, pg.125 (c)

Moşteanu, Tatiana, Buget şi trezorerie publică, Editura Universitara, Bucureşti, 2008

Moşteanu, Tatiana, & collective, Politici fiscale şi bugetare pentru reformarea economiei şi relansarea creșterii economice, Editura Economică, Bucureşti, 2003

Musgrave, R.A., Musgrave, Peggy B., Public Finance in Theory and Practice, Mc.Graw Hill Book, New York, 1984

Văcărel, I., & collective, Finanţe Publice, Ediţia a VI-a, Editura Didactică şi Pedagogică, Bucureşti, 2011

National Romanian Bank, Annual reports of the National Bank of Romania, 2000 – 2014

Ministry of Public Finance, Convergence Program 2011-2014, http://discutii.mfinante.ro/static/10/Mfp/pdc/PC_en_2011_2014.pdf

Ministry of Public Finance, Convergence Program 2012-2015, http://discutii.mfinante.ro/static/10/Mfp/pdc/Progr_conv%202012_11_mai.pdf

Ministry of Public Finance, Fiscal Strategy 2014-2016, http://discutii.mfinante.ro/static/10/Mfp/strategbug/Strategiafiscal_bugetara2014_2016.pdf

Law on Tax Code, no.571/2003, published in Official Gazette of Romania, Part I, no.927/23.12.2003, with all subsequent amendments till 1 of April 2015

Law on fiscal and budgetary responsibility, no.69/2010, published in Official Gazette of Romania, Part I no.252/20.04.2010, with all subsequent amendments till 1st of April 2015

European Commission, The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, http://europa.eu/rapid/press-release_DOC-12-2_en.htm

www.ec.europa.eu/taxation_customs/index_en.htm

www.ec.europa.eu/eurostat

http://ec.europa.eu/tax


Full Text: PDF

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.