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The Fiscal Predictability of the Romanian Business Environment, Quantified by Analysing the Legislative Instability and Economic Impact: A Descriptive-Analytical Approach

Author

Listed:
  • Ana Maria LITVINCHEVICI

    (Suceava, Romania)

  • Antoanela SĂVESCU (IȚCO)

    ("Ștefan cel Mare" University of Suceava)

  • Veronica GROSU

    ("Ștefan cel Mare" University of Suceava)

  • Cristina Gabriela COSMULESE

    ("Ștefan cel Mare" University of Suceava)

  • Florin-Cornel POPOVICI

    (West University of Timișoara)

Abstract

Legislative instability in Romania has generated an unpredictable fiscal environment, affecting the business sector’s ability to make sustainable and compliant decisions. The study examines the Romanian fiscal framework over the period 2020–2024, adopting a descriptive-analytical and documentary approach, combined with the analysis of key macroeconomic indicators. The construction, tourism, and cross-border operations sectors are examined as vulnerable areas, particularly exposed to fiscal policy volatility. The findings highlight the adverse effects of fiscal instability on investment decisions, employment dynamics, and tax compliance. The conclusions support the need to strengthen legislative predictability and to use empirical evidence in designing balanced, transparent, and economically grounded fiscal policies in Romania.

Suggested Citation

  • Ana Maria LITVINCHEVICI & Antoanela SĂVESCU (IȚCO) & Veronica GROSU & Cristina Gabriela COSMULESE & Florin-Cornel POPOVICI, 2026. "The Fiscal Predictability of the Romanian Business Environment, Quantified by Analysing the Legislative Instability and Economic Impact: A Descriptive-Analytical Approach," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 6(12), pages 27-40, December .
    • Handle: RePEc:ahd:journl:v:6:y:2026:i:12:p:27-40
    DOI: 10.37945/cbr.2025.12.04
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    Keywords

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    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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