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Fiscal Policy in the European Union – Present and Perspectives

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  • Eugenia-Ramona Mara

    (Babes-Bolyai University, Cluj Napoca, Romania)

Abstract

This article analyzes the main trends of fiscal policy in the European Union, following the economic crisis impact and fiscal policy measures that were applied in this economic context. The study is focused in a few key areas: the evolution of fiscal policy captured by indicators measuring tax burden, public sector size analysis by quantifying public expenditure share in GDP and the evolution of budget deficits. Finally, the study watched correlations between fiscal policy and macroeconomic developments, identifying trends and anticipating possible solutions of fiscal policy to achieve the required coordinates of fiscal governance in the European Union. For realizing this study we use annual data from Eurostat Database for 2000-2010 for EU countries. The major findings of the study are the negative impact of the size of public sector on economic growth for EU and also for Romania and the increase of the tax revenue if the economic growth rates increase.

Suggested Citation

  • Eugenia-Ramona Mara, 2012. "Fiscal Policy in the European Union – Present and Perspectives," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 2(2), pages 156-168, April.
    • Handle: RePEc:dug:actaec:y:2012:i:2:p:156-168
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1268/1119
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    References listed on IDEAS

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    7. Eugenia Ramona MARA & Eva DEZSI, 2011. "Fiscal Policy Impact on Inflation Volatility in Romania in The Economic Crisis Context," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(13), pages 181-187, December.
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    Cited by:

    1. Shkendije Demalijaj Ukaj, 2014. "Tax Evasion and the Impact on Economic Growth Acta Universitatis Danubius. OEconomica," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(6), pages 18-32, December.
    2. Sabau-Popa Diana Claudia & Mara Eugenia, 2012. "The Economic Crisis Impact On Public Expenditures In Eu New Member States," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 778-783, July.

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