ANALYSIS OF THE SUSTAINABILITY OF FISCAL POLICY IN ROMANIA
The relationship between government revenue and expenditure has always been of interest to economists. As of 2020, Romania, unlike other EU Member States, is subject to the Excessive Deficit Procedure, with a deficit of -9.79 percentage points. Based on the recommendations of the Council of the Eu...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2023-12-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2023-06%20Volumul%20II/10_chirculescu.pdf |
| _version_ | 1797290925221740544 |
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| author | CHIRCULESCU MARIA FELICIA |
| author_facet | CHIRCULESCU MARIA FELICIA |
| author_sort | CHIRCULESCU MARIA FELICIA |
| collection | DOAJ |
| description | The relationship between government revenue and expenditure has always been of interest to economists. As of
2020, Romania, unlike other EU Member States, is subject to the Excessive Deficit Procedure, with a deficit of -9.79
percentage points. Based on the recommendations of the Council of the European Union, in June 2021, to readjust the
excessive deficit situation by 2024 at the latest, setting the ESA deficit targets at 8.0% of GDP for 2021, 6.2% of GDP for
2022, 4.4% of GDP for 2023 and 2.9% of GDP for 2024, the paper has as its general objective the analysis of fiscal
sustainability in Romania, as a member state of the European Union. The adjustment of Romania's medium-term budget
deficit is essential to reduce macroeconomic imbalances and, at the same time, to create the fiscal space needed to
implement investments financed by European funds available to Romania.
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| first_indexed | 2024-03-07T19:29:20Z |
| format | Article |
| id | doaj.art-cac0828976f34bf384f925bb5dad6b84 |
| institution | Directory Open Access Journal |
| issn | 1844-7007 |
| language | English |
| last_indexed | 2024-03-07T19:29:20Z |
| publishDate | 2023-12-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-cac0828976f34bf384f925bb5dad6b842024-02-29T08:47:00ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072023-12-01II6108111ANALYSIS OF THE SUSTAINABILITY OF FISCAL POLICY IN ROMANIACHIRCULESCU MARIA FELICIA0UNIVERSITY “CONSTANTIN BRÂNCUŞI” TARGU JIUThe relationship between government revenue and expenditure has always been of interest to economists. As of 2020, Romania, unlike other EU Member States, is subject to the Excessive Deficit Procedure, with a deficit of -9.79 percentage points. Based on the recommendations of the Council of the European Union, in June 2021, to readjust the excessive deficit situation by 2024 at the latest, setting the ESA deficit targets at 8.0% of GDP for 2021, 6.2% of GDP for 2022, 4.4% of GDP for 2023 and 2.9% of GDP for 2024, the paper has as its general objective the analysis of fiscal sustainability in Romania, as a member state of the European Union. The adjustment of Romania's medium-term budget deficit is essential to reduce macroeconomic imbalances and, at the same time, to create the fiscal space needed to implement investments financed by European funds available to Romania. https://www.utgjiu.ro/revista/ec/pdf/2023-06%20Volumul%20II/10_chirculescu.pdffiscal sustainabilitygeneral consolidated budgetbudget deficit |
| spellingShingle | CHIRCULESCU MARIA FELICIA ANALYSIS OF THE SUSTAINABILITY OF FISCAL POLICY IN ROMANIA Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie fiscal sustainability general consolidated budget budget deficit |
| title | ANALYSIS OF THE SUSTAINABILITY OF FISCAL POLICY IN ROMANIA |
| title_full | ANALYSIS OF THE SUSTAINABILITY OF FISCAL POLICY IN ROMANIA |
| title_fullStr | ANALYSIS OF THE SUSTAINABILITY OF FISCAL POLICY IN ROMANIA |
| title_full_unstemmed | ANALYSIS OF THE SUSTAINABILITY OF FISCAL POLICY IN ROMANIA |
| title_short | ANALYSIS OF THE SUSTAINABILITY OF FISCAL POLICY IN ROMANIA |
| title_sort | analysis of the sustainability of fiscal policy in romania |
| topic | fiscal sustainability general consolidated budget budget deficit |
| url | https://www.utgjiu.ro/revista/ec/pdf/2023-06%20Volumul%20II/10_chirculescu.pdf |
| work_keys_str_mv | AT chirculescumariafelicia analysisofthesustainabilityoffiscalpolicyinromania |