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Budget amendment – cause and effect

Roxana Ispas ()
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Roxana Ispas: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2014, vol. 14, issue 1, 143-150

Abstract: This paper analyzes both the causes and effects of budget amendment in Romania, taking into account the Fiscal Budget Responsibility Law. Reduction by 5% of the CSI payable by the employer from the 1st of October 2014 should be necessarily accompanied by a reform of the social security system, starting from the principle of equal treatment of taxpayers irrespective of their type of income and the elaboration and implementation of a medium-term strategy for financially rebalancing the social security budgets, especially the pensions' budget. Such a strategy should aim to increase the number of taxpayers, in particular by reducing "black" labor, and ensure a total transparency of budget expenditures as a whole in order to stimulate the growth of voluntary compliance to payment of taxes.

Keywords: budget amendment; taxpayers; social contributions; fiscal income; budget expenses; commitments; EU legislation (search for similar items in EconPapers)
JEL-codes: G01 G28 H25 H32 H68 (search for similar items in EconPapers)
Date: 2014
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