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Tag Archives: Buget

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

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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,

Fiscal Space for Salaries

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In connection with the long-awaited “law on the unitary pay”, probably the most important issue, besides solving inequities, is the budget space that Romania has so that the increase in the budget pay will be sustainable and will solve some problems, rather than creating more in the future. That’s why, in order not to put the cart before the horse, so to speak,

Commitment Credits: Long-term Budgetary Trap

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The budget for 2017 includes some aspects that were less present in the public debate and expert opinions. These are commitment credits. Unlike all other years, the budget for 2017 comes with a spectacular dynamics of commitment credits, which could at the same time become the main problem of the budgetary situation in the coming years.

2017 State Budget: Between Forecasts and Adjustments

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It is essential that Romania’s budget for 2017 is a solid, credible one, which is why the budget construction must be realistic, validated by the dynamics of economic evolutions that we witness in reality. We must recognize, however, that the economy and the budget have been affected by many fiscal-budgetary measures in a short period of time,

The Reduction of Social Security Contributions: How Much Would It “Cost” the Budget?

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In the European Union’s fiscal map, Romania can still be considered competitive when it comes to taxes, at least when it comes to taxing profits, through its 16% flat tax rate. Yet when it comes to taxing labour, things are different. Through social contributions and the payment ceiling – established in a strong redistributive way at 5 times the average gross wage – wage

Cosmin Marinescu