Tag Archives: deficit structural
Economic Challenges in the Context of Convergence
The economic crisis showed us that pro-cyclical policies, which Romania was also seduced by, make the recovery more painful. This is why it is important to discuss openly if and why is it worth creating big deficits exactly when the economic situation is good, instead of preserving fiscal space for “hard times”, when the economic expansion will be exhausted.
Responsible Economic Policies and Sustainable Growth
The Romanian economy is currently facing a context circumscribed to 3 post-stages: post-transition, post-EU accession, and post-crisis. These open a “new beginning” from an economic and institutional point of view. In this respect, a new development model must give up at least several illusions: first, the illusion that prosperity can be built on economic deficits and public debt, or on
Applying the Fiscal Code could violate exactly the Fiscal Code
Tax reduction is needed, it needs to be done, but not like this, through an “all at once” approach, because nothing in the economy, not even capital accumulation, job creation and prosperity, in general, happens over night. Businessmen want, of course, almost in every situation, lower taxes. The same as politicians want, of course, almost in every situation, more votes.
