The Effect of Fiscal Policy Measures on the Budget Deficit

Badiu (Cazacu) Cristina Elena
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Badiu (Cazacu) Cristina Elena: Transilvania University of Brasov, Romania

Risk in Contemporary Economy, 2021, 209-223

Abstract: Taxation is the result of a compromise between different interest groups whose claims are often contradictory. Taxpayers, individuals or legal entities, want to pay taxes as low as possible, but to have the highest possible benefits from the state: free and quality education, high-performance medical system, competent and sufficient police, an efficient legal system, and companies want a lower tax burden, well-trained workforce, affordable know-how. This means, in fact, that economic efficiency is determined by several factors, but also by significant mandatory levies (taxes and duties). In order for the state to be able to ensure these benefits for its taxpayers, it needs resources, which, in order to be collected, need strict rules, laws, which on the one hand have a coercive character, and on the other hand to encourage taxpayers to pay taxes.

Date: 2021
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