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Theoretical Evaluations On The Legislative Framework Of Fiscal Governance In The European Union

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  • Ionel LEONIDA

    (“Victor Slavescu” Centre for Financial and Monetary Research, Romanian Academy, Bucharest, Romania)

Abstract

The fiscal governance process aims at synchronizing the consolidation of fiscal positions and supporting the medium and long-term structural reforms of the adhering member countries through monitoring, evaluation and incidence of fiscal processes on the economic environment at each stage of its design, ex-ante implementation / execution and ex-post results, thus having the potential to identify slippages from the objectives and their adjustment during the current fiscal exercise or in the next fiscal exercise. To achieve its goal, this process is based on rules, regulations and procedures that provide the framework for national government planning, implementation and guidance of fiscal policy. In the present paper,we deal with the theoretical fiscal governance from the theoretical point of view, the legislative evolution and the effectiveness of this process, through the successive reforms it has undergone.

Suggested Citation

  • Ionel LEONIDA, 2018. "Theoretical Evaluations On The Legislative Framework Of Fiscal Governance In The European Union," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 3(4), pages 129-138.
    • Handle: RePEc:brc:brccej:v:3:y:2018:i:4:p:129-138
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    References listed on IDEAS

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    1. Michal Andrle & John C Bluedorn & Luc Eyraud & Tidiane Kinda & Petya Koeva Brooks & Gerd Schwartz & Anke Weber, 2015. "Reforming Fiscal Governance in the European Union," IMF Staff Discussion Notes 15/9, International Monetary Fund.
    2. Kukk Merike & Staehr Karsten, 2015. "Enhanced Fiscal Governance in the European Union: The Fiscal Compact," TalTech Journal of European Studies, Sciendo, vol. 5(1), pages 73-92, February.
    3. Michal Andrle & Mr. John C Bluedorn & Mr. Luc Eyraud & Mr. Tidiane Kinda & Ms. Petya Koeva Brooks & Mr. Gerd Schwartz & Miss Anke Weber, 2015. "Reforming Fiscal Governance in the European Union," IMF Staff Discussion Notes 2015/009, International Monetary Fund.
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    More about this item

    Keywords

    fiscal governance; fiscal discipline; fiscal framework; budgetary policy;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

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