Efects Of The European Union Fiscal Governance Pact On Romania
AbstractThis paper aims to emphasize the implications that the signing of the European Fiscal Pact will have on Romania. At the same time are also taken into account the estimates of the European commission concerning GDP and the negotiation of the structural deficit level. The advantages and the disadvantages that influence Romania’s economy and some measures for increasing the incomes are also shown from the economical point of view. The fiscal governance pact of the European Union may have a positive effect on Romania, imposing a better fiscal discipline and financial stability. The fiscal governance pact is essential in strengthening the discipline in public finances but will create problems in the authorities’ capacity of stimulating the economy due to the budgetary constraints that it will bring.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.
Volume (Year): 1 (2013)
Issue (Month): 41 ()
fiscal pact; European Union; stability; advantages; member states;
Find related papers by JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy
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- Narcis Eduard MITU, 2009. "Brief foray into taxation ethics," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 220-222, May.
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