FISCAL RULES AND FISCAL RESPONSIBILITY CONVERGENCE

Anca Florentina Gavriluta-Vatamanu ()
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Anca Florentina Gavriluta-Vatamanu: Alexandru Ioan Cuza University of Iasi Romania

The USV Annals of Economics and Public Administration, 2017, vol. 17, issue 1(25), 144-154

Abstract: In the last decades, against the background experience of countries which have known consecutive periods of fiscal instability, place all more often the problem of consolidating public finances and establish a sustainable and stable fiscal policies that respect fiscal responsibility criteria. Government decisions have a role well determined in critical periods of the economy and their approach with the purpose of putting in practice, dictate the future of entire generations. A way to counteract negative effects of the crisis and of the various factors that affecting the economy, is undoubtedly the increase of domestic supply. But in business reform process, it is also necessary to take into account a good instrumentation of fiscal budgetary policy, imposing the need to provide particular attention to the mechanisms of public finances and the specific instruments (expenditure, budget, revenue, public debt). The aim of this paper is to show the degree of compliance with the principles of fiscal responsibility, emphasizing which is the degree of convergence on fiscal responsibility. The methodology used is qualitative, which concerns the analysis on the contents of a series key documents: Statute of fiscal rules in the EU member states 28, the origin of fiscal rules and corroboration with specific elements of the public administration system, all this documents, enabling to build a index which validates the hypothesis of this research.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:17:y:2017:i:1(25):p:144-154

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