LEVERAGING SUSTAINABILITY AS BUDGETARY RESOURCES THROUGH FINANCIAL LAW INSTRUMENTS

Ionel Bostan
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Ionel Bostan: DOCTORAL SCHOOL OF ECONOMICS, STEFAN CEL MARE UNIVERSITY, SUCEAVA, ROMANIA

Annals - Economy Series, 2016, vol. 1, 33-42

Abstract: Through this approach we intend on actually achieving glances on basic legal norms in the field of taxation - Tax Code and the Fiscal Procedure Code - in terms of their potential to confer sustainability of public financial resources. Therefore, after playing some considerations regarding the sustainability of fiscal resources, highlighting the relationship taxation - development, we stop on the first reunification tax laws in the context of the market economy in Romania (2003), marked by the adoption of the Tax Code - by law - and legislating procedure by governmental tax legislation, then the desire circumscribed debate issues of sustainability of public finances. By placing our focus on massive renewal of the provisions of the tax code, which took place in 2015, and treat problems related to sustainability, prudence, predictability and efficiency - as imperative contained in the Fiscal Responsibility Law. Creating the premises to ensure predictability of the tax system and the continuation of conduct necessary fiscal consolidation sustainable, by rewriting the Tax Code and re-systematization of rules of Fiscal Procedure are prominently presented in this paper (Part Two), to finally reveal the economic impact of rewriting Codes the tax area.

Keywords: budgetary resources; financial law instruments; taxation-development relationship; ”Laffer” law; the New Fiscal Code; the New Code of fiscal procedure; the sustainability of public finances; fiscal consolidation. (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2016:v:1:p:33-42

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