The Impact of “Troubled Times” on Economic and Financial Legislation in Romania

Claudia-Florina Botar
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Claudia-Florina Botar: "1 Decembrie 1918" University of Alba Iulia

CECCAR Business Review, 2024, vol. 5, issue 10, 7-17

Abstract: Joint actions of decision-making factors both at national level and beyond domestic borders in view of counteracting the consequences of relatively recent unfavourable events have also led to the emergence of various legislative actions, including in the financial-accounting area. Those with a central role include the adoption of legislative measures that are able to change the direction of society that is seriously affected by the seen and unseen danger of the health, economic, and political crisis. Thereby, the goal of the research is to reflect the high level of legislative volatility in the economic-financial sector. Is it impacted by the significant crises that humanity has faced? The research direction stems from the high recurrence of legislative changes that affect how businesses operate. The purpose of the research is related to the validation of the assumption that legislative changes are influenced by crisis periods. The research findings show the influence of the triple impact period, as defined by the author, which is primarily found in the Fiscal Code and the Fiscal Procedure Code, by adopting fiscal-budgetary legislative measures against the backdrop of the economic environment’s dynamics and complexity in times of crisis.

Keywords: legislation; Fiscal Code; Fiscal Procedure Code; changes; impact; pandemic; war (search for similar items in EconPapers)
JEL-codes: H12 K34 M41 M48 M49 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:5:y:2024:i:10:p:7-17

DOI: 10.37945/cbr.2024.10.02

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