The Influence of the Fiscal Policy in Perpetuating the World Crisis

Fãdur Cristina-Ionela () and Ciotinã Daniela ()
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Fãdur Cristina-Ionela: “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration
Ciotinã Daniela: “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 427-431

Abstract: This paper aims to stress the impact of the fiscal measures in the perpetuation of the current economic and financial crisis. In our approach, we have studied the set of companies with debts towards the state in the category of large companies in Romania. The database published by ANAF includes 558 large companies classified in eight activity branches. Also, we applied a questionnaire concerning the measures adopted by the micro-companies in order to fight against the effects of the economic crisis. An alarming conclusion is the fact that the penalties for the non-payment of the amounts due to the state budget dramatically weaken the strength of large companies, and the compliance with the principle of the continuity of the activity is seriously questioned. The liquidity of companies can be improved by changing the VAT legislation.

Keywords: budget overdue debts; economic crisis; descriptive analysis; VAT (search for similar items in EconPapers)
JEL-codes: M48 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xi:y:2011:i:9:p:427-431

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