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Tag Archives: Executie bugetara

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,

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.

Budget Execution: Same Old, Same Old

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Exactly in these political days it was discovered that the budget execution exploded in December, as if to convince us that “fattening in the last minute” also applies to the consolidated general budget. We insisted on this budget pattern in November 2016, when the Government of Romania launched the OECD Report “Public Governance Scan of Romania”. The end of 2016 budget execution confirmed once again that December is the hot month of public spending, the month when the deficit explodes.

Cosmin Marinescu