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Evolutia arieratelor in Romania
[The Arrears Evolution in Romania]

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Author Info

  • Ecobici, Nicolae

Abstract

This paper discusses about the evolution of arrears in Romania through 1995- june 2003 and try to reveal the most important causes of fiscally arrears. The study revealed that even the financial obstruction has affected initially the state companies in majority, the phenomenon has enclasped the private companies which represent the majority now. I revealed a “good” evolution recorded by the arrears towards banks and others creditors, and the worriment increasing arrears share towards the state budget and purveyors. Thus I think the banks succeded to keep up with debtors while fiscally discipline get more and more injury, national economy came to be dominated with corruption, lack of restructuring, masked or unmasked subventions and etatistic conceptions. More, the financial obstruction is not going to decrease, but to establishment, reaching out a high level annualy. The picture is more cleare if I add that approximately 80% from total arrears towards purveyors belong to the utility companies (electric and thermic energy). I consider that without exception measures the arrears won’t decrease.

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File URL: http://mpra.ub.uni-muenchen.de/11233/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11233.

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Date of creation: 03 Jun 2005
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Handle: RePEc:pra:mprapa:11233

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Keywords: fiscally arrears; financial obstruction; corruption; utility companies;

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