Fiscal Pressure in the EU Member States. Recent Developments

Drãcea Marcel (), Buziernescu Radu () and Florea Nicoleta Mihaela ()
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Drãcea Marcel: University of Craiova
Buziernescu Radu: University of Craiova
Florea Nicoleta Mihaela: University of Craiova

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 1075-1079

Abstract: Since 1970 there has been a tendency to increase taxation in the Member States, trend that persisted for three decades, given the extension of the public sector in the economy, and hence the growth of public spending. In the late 90s, following the Treaty of Maastricht and then the Stability and Growth Pact, Member States were constrained to adopt measures to ensure fiscal consolidation (reducing annual budget deficits and public debt). Some have reduced spending, while others have instead focused on the increase of temporary taxes. There were, however, countries that, taking advantage of the boom period, proceeded to a reduction of the tax burden, especially on personal income taxation, taxation on companies and of social insurance contributions.

Keywords: tax burden; direct taxes; indirect taxes; social contributions; crisis. (search for similar items in EconPapers)
JEL-codes: H20 H30 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1075-1079

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