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Tax And Budgetary Sustainability – Current And Future Perspectives

Author

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  • Ionela POPA

    (”Constantin Brancoveanu” University of Pitesti, Romania)

Abstract

The crisis caused by the pandemic context we have been facing for over 2 years represents a threat not only for the population's health, but also for the national economy, respectively for the citizens' living standard. From one industrial sector to another and from one enterprise to another, the adverse effects were felt against the background of the restrictions imposed to limit the impact caused by the coronavirus. In this context, it is obvious that the public finances, which are closely interdependent with the branches of the private sector, have also been subject to various influences. a situation characterized by the unsustainability of public finances greatly complicates the conduct of fiscal, budgetary and monetary policy and requires decision-makers to implement a tax-monetary strategy which, even if in the first phase, generates negative reactions, shall be effective on medium and long term.

Suggested Citation

  • Ionela POPA, 2022. "Tax And Budgetary Sustainability – Current And Future Perspectives," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(4), pages 162-166.
    • Handle: RePEc:brc:brccej:v:7:y:2022:i:4:p:162-166
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    More about this item

    Keywords

    budgetary sustainability; tax; public finances;
    All these keywords.

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm

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