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The impact of economic crisis on the fiscal revenues

Eugenia Mara (), Adrian Inceu, Ionuţ Cuceu and Monica Achim

MPRA Paper from University Library of Munich, Germany

Abstract: This paper tries to evaluate the situation of the fiscal revenues in Romania in the context of economic and financial crisis, because the fiscal revenues are the major source of financing the public expenditure. The evolution of the level of fiscal revenue is very important because maintain the budget equilibrium. The article reveals the major trends of the fiscal revenues after EU enlargement and in the actual context of economic crisis and the impact on the budget deficit and the public debt. The state intervention in revive of the economy has to be financed through the budget, and this means a higher budget deficit. The proper solution in this condition for assuring the financial stability of the economy it was an external borrow from IMF.

Keywords: fiscal revenues; budget deficit; public debt (search for similar items in EconPapers)
JEL-codes: H61 (search for similar items in EconPapers)
Date: 2009, Revised 2009
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Published in Analele Universităţii din Oradea, Seria Ştiinţe Economice (2009): pp. 252-257

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