The Informal Sector’s Impact On The Budget Revenues

Vanya Encheva ()
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Vanya Encheva: Varna University of Economics

Business & Management Compass, 2015, issue 4, 44-55

Abstract: The shadow economy reduces budget revenues, which - against the background of the crisis deficit - additionally harms the fiscal equilibrium. In addition - also against the background of the crisis - the shadow economy increases the costs of the honest business entities, forcing them to compensate for the actions of the dishonest ones. On that basis it is necessary to conduct regular analysis of its effect - both on the public sector, and on business. In view of the limited volume of the present article, the latter will focus on the analysis of the shadow economy phenomenon and the effect on the revenue portion of the budget.

Keywords: shadow economy; state budget; budget revenue; GDP (search for similar items in EconPapers)
JEL-codes: E69 (search for similar items in EconPapers)
Date: 2015
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