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The Influence of the Fiscal Policy in Perpetuating the World Crisis

Author

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  • Fãdur Cristina-Ionela

    () (“Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration)

  • Ciotinã Daniela

    () (“Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration)

Abstract

This paper aims to stress the impact of the fiscal measures in the perpetuation of the current economic and financial crisis. In our approach, we have studied the set of companies with debts towards the state in the category of large companies in Romania. The database published by ANAF includes 558 large companies classified in eight activity branches. Also, we applied a questionnaire concerning the measures adopted by the micro-companies in order to fight against the effects of the economic crisis. An alarming conclusion is the fact that the penalties for the non-payment of the amounts due to the state budget dramatically weaken the strength of large companies, and the compliance with the principle of the continuity of the activity is seriously questioned. The liquidity of companies can be improved by changing the VAT legislation.

Suggested Citation

  • Fãdur Cristina-Ionela & Ciotinã Daniela, 2011. "The Influence of the Fiscal Policy in Perpetuating the World Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 427-431, May.
  • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:427-431
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    More about this item

    Keywords

    budget overdue debts; economic crisis; descriptive analysis; VAT;

    JEL classification:

    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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