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Tag Archives: Politică fiscal-bugetară

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,

In economic policy, policymakers must learn from previous mistakes

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surselecresteriiIt is important that policymakers are aware of previous mistakes and responsible when it comes to economic policy. In the economy, resources are limited, and that’s the reason why we can’t afford to have all at once. National fiscal policies, although they benefit from Parliament’s support, are sometimes against the rules of fiscal governance, which were also adopted by the

The government does not need to do only what it is allowed by the fiscal framework, but it must adapt this framework in order to do what the economy needs

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Economic liberalism is implemented not only through writing, but also through putting the economic logic into the equation of political decisions, and this does not necessarily or explicitly mean political action. But, in this equation, it is important how much of it is economic policy, and how much is politics about the economy and, sometimes, thanks to the economy. There exists a certain type

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.

Cosmin Marinescu