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The impact of economic crisis on the fiscal revenues

Author

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  • Mara, Eugenia Ramona
  • Inceu, Adrian
  • Cuceu, Ionuţ
  • Achim, Monica Violeta

Abstract

This paper tries to evaluate the situation of the fiscal revenues in Romania in the context of economic and financial crisis, because the fiscal revenues are the major source of financing the public expenditure. The evolution of the level of fiscal revenue is very important because maintain the budget equilibrium. The article reveals the major trends of the fiscal revenues after EU enlargement and in the actual context of economic crisis and the impact on the budget deficit and the public debt. The state intervention in revive of the economy has to be financed through the budget, and this means a higher budget deficit. The proper solution in this condition for assuring the financial stability of the economy it was an external borrow from IMF.

Suggested Citation

  • Mara, Eugenia Ramona & Inceu, Adrian & Cuceu, Ionuţ & Achim, Monica Violeta, 2009. "The impact of economic crisis on the fiscal revenues," MPRA Paper 20978, University Library of Munich, Germany, revised 2009.
    • Handle: RePEc:pra:mprapa:20978
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    Cited by:

    1. Aan Jaelani, 2017. "Fiscal Policy in Indonesia: Analysis of State Budget 2017 in Islamic Economic Perspective," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 14-24.
    2. Mawejje Joseph & Odhiambo Nicholas M., 2020. "Fiscal Reforms and Deficits in Tanzania: An Exploratory Review," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 30(1), pages 57-75, March.

    More about this item

    Keywords

    fiscal revenues; budget deficit; public debt;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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