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The Evolution Of Fiscal Governance In The European Union

Author

Listed:
  • LEONIDA, Ionel

    (“Victor Slăvescu" Centre for Financial and Monetary Research, Romanian Academy)

Abstract

The fiscal governance is a fiscal framework consisting of those rules, regulations and procedures affecting premeditated manner in which fiscal policy is planned, approved, managed and monitored at European Union level. Through this fiscal framework the tax authorities strengthen the fiscal and budgetary positions and support the adherent member states‘ structural reforms on the medium and long term. In this paper we present an evolution of successive revisions occurred on the fiscal framework and their impact on recorded tax results, based on the evolution of fiscal and budgetary indicators, the structural deficit and conventional accounting deficit.

Suggested Citation

  • LEONIDA, Ionel, 2016. "The Evolution Of Fiscal Governance In The European Union," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 3(1), pages 19-25.
    • Handle: RePEc:vls:rojfme:v:3:y:2016:i:1:p:19-25
    as

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    References listed on IDEAS

    as
    1. Hallerberg,Mark & Rainer Strauch,Rolf & von Hagen,Jürgen, 2010. "Fiscal Governance in Europe," Cambridge Books, Cambridge University Press, number 9780521138260, January.
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    More about this item

    Keywords

    governance; taxation; consolidation; evolution;
    All these keywords.

    JEL classification:

    • H1 - Public Economics - - Structure and Scope of Government
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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