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Efects Of The European Union Fiscal Governance Pact On Romania

Author

Listed:
  • Roxana Ispas

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

This 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.

Suggested Citation

  • Roxana Ispas, 2013. "Efects Of The European Union Fiscal Governance Pact On Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(41), pages 205-212.
    • Handle: RePEc:aio:aucsse:v:1:y:2013:i:41:p:205-212
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    File URL: http://feaa.ucv.ro/AUCSSE/0041v1-030.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Lect. Roxana Maria Ispas Ph. D & Assoc. Prof. Dalia Mirela Simion Ph. D, 2010. "The Financial Management Of The Small And Medium Sized Companies In Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(38), pages 1-8, May.
    3. Assist. Costin Daniel Avram Ph. D & Prof. Veronel Avram Ph. D, 2010. "Some Considerations On The Global Financial Crisis And Its Impact On The Banking System In Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(38), pages 1-8, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    fiscal pact; European Union; stability; advantages; member states;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy

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