Romanian Fiscal Policies: Do They Fight or Exacerbate the Crisis?

As the financial crisis deepens in Romania, public expectations from the budget and the Government's measures package remain high, but options remain limited. While some of the fiscal instruments proposed worldwide could arguably have benefic impacts on the Romanian economy if they could only b...

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Main Authors: Nutu, A. O., Ionita, S.
Format: Journal Article
Language:EN
Published: 2012
Online Access:http://hdl.handle.net/10986/5305
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spelling okr-10986-53052021-04-23T14:02:21Z Romanian Fiscal Policies: Do They Fight or Exacerbate the Crisis? Nutu, A. O. Ionita, S. As the financial crisis deepens in Romania, public expectations from the budget and the Government's measures package remain high, but options remain limited. While some of the fiscal instruments proposed worldwide could arguably have benefic impacts on the Romanian economy if they could only be properly implemented, our budgetary sector is now constrained to adopt austerity measures. The fiscal policy needs time to regain credibility after years of incoherence, and commitments made in the elections year 2008 prove to be extremely costly today. 2012-03-30T07:32:13Z 2012-03-30T07:32:13Z 2009 Journal Article Romanian Journal of Political Science 1582-456X http://hdl.handle.net/10986/5305 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Romania
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language EN
geographic_facet Romania
relation http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description As the financial crisis deepens in Romania, public expectations from the budget and the Government's measures package remain high, but options remain limited. While some of the fiscal instruments proposed worldwide could arguably have benefic impacts on the Romanian economy if they could only be properly implemented, our budgetary sector is now constrained to adopt austerity measures. The fiscal policy needs time to regain credibility after years of incoherence, and commitments made in the elections year 2008 prove to be extremely costly today.
format Journal Article
author Nutu, A. O.
Ionita, S.
spellingShingle Nutu, A. O.
Ionita, S.
Romanian Fiscal Policies: Do They Fight or Exacerbate the Crisis?
author_facet Nutu, A. O.
Ionita, S.
author_sort Nutu, A. O.
title Romanian Fiscal Policies: Do They Fight or Exacerbate the Crisis?
title_short Romanian Fiscal Policies: Do They Fight or Exacerbate the Crisis?
title_full Romanian Fiscal Policies: Do They Fight or Exacerbate the Crisis?
title_fullStr Romanian Fiscal Policies: Do They Fight or Exacerbate the Crisis?
title_full_unstemmed Romanian Fiscal Policies: Do They Fight or Exacerbate the Crisis?
title_sort romanian fiscal policies: do they fight or exacerbate the crisis?
publishDate 2012
url http://hdl.handle.net/10986/5305
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