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Decrease taxes, increase spending!, doesn’t feel as sound economic policy


In the past years, almost everything related to economics and economic debate was built on tax initiatives. But economic performance does not simply emerge, by itself, only through changes in taxes. It needs structural accumulation, concrete rules and credibility for the well-functioning of markets, competitively and predictability for the business environment, the elimination of imbalances in SOEs sector, financial infrastructure for financing SMEs, support for entrepreneurship and innovative sectors etc. Therefore, I believe that economists and policymakers have the obligation to focus also on these aspects. It is very important what model is promoted through public policy.

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Cosmin Marinescu