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Budget amendment – cause and effect

Author

Listed:
  • Roxana Ispas

    (University of Craiova, Romania)

Abstract

This paper analyzes both the causes and effects of budget amendment in Romania, taking into account the Fiscal Budget Responsibility Law. Reduction by 5% of the CSI payable by the employer from the 1st of October 2014 should be necessarily accompanied by a reform of the social security system, starting from the principle of equal treatment of taxpayers irrespective of their type of income and the elaboration and implementation of a medium-term strategy for financially rebalancing the social security budgets, especially the pensions' budget. Such a strategy should aim to increase the number of taxpayers, in particular by reducing "black" labor, and ensure a total transparency of budget expenditures as a whole in order to stimulate the growth of voluntary compliance to payment of taxes.

Suggested Citation

  • Roxana Ispas, 2014. "Budget amendment – cause and effect," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 14(1), pages 143-150.
    • Handle: RePEc:pet:annals:v:14:y:2014:i:1:p:143-150
    as

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    File URL: http://upet.ro/annals/economics/pdf/2014/part1/Ispas.pdf
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    References listed on IDEAS

    as
    1. Dima, Bogdan & Barna, Flavia & Pirtea, Marilen, 2007. "Romanian Capital Market And The Informational Efficiency," MPRA Paper 5807, University Library of Munich, Germany.
    2. Ioan Talpos & Bogdan Dima & Mihai Mutascu & Cosmin Enache, 2007. "An Empirical Analysis of the Budget Deficit," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 11(11(516)), pages 15-36, November.
    3. Narcis Eduard Mitu, 2013. "Automatic Fiscal Stabilizers," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(15), pages 118-122, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    budget amendment; taxpayers; social contributions; fiscal income; budget expenses; commitments; EU legislation;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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