Tag Archives: Datorie publică
Paradoxical Records: from the Champion of Growth to the Champion of Deficits
After Romania registered the highest economic growth among EU countries in 2016, this performance did not even start to be forgotten that, again at European level, there are signs of another record, this time the largest counter-performance in terms of budget slippage. It is symptomatic the way in which, through the pro-cyclical
This Fiscal Code annihilates from the beginning its chances of success
It is very important to understand that liberalism does not focus only on tax reduction, but also on the way in which this reduction is made. Tax reduction is needed, but sustainability is very important, through its long-term budgetary and economic implications. I doubt that every initiative to reduce taxes should be labeled as a liberal approach. If I reduce taxes tomorrow, only to
The Crisis and the State: from European Realities to Institutional Imperatives
Anchored, by definition, in the logic of budget balance, the Victorian fiscal morality became today, in contemporary democracy, worthy to be displayed in the museums of economic history. Nowadays, the Keynesian doctrine – in its original version or in its reloaded post-crisis version – established a true status quo of budgetary deficits and public debts. Overwhelmed by the
