The Role of Taxes in Financing of Public Expenditures and the Implications for Fiscal Policy in the Countries of the European Union

Ovidius University Annals: Economic Sciences Series

Toma Elena¹ 

[1] “Alexandru Ioan Cuza” University of Iasi;

关键词: taxes;    public expenditure;    fiscal policy;    economic growth;   

DOI  :  

来源: DOAJ

【 摘 要 】

The analysis made in this paper, for the 1995-2016 period, in the EU confirms that the fiscal resources are the main public resource and pointing out the fact that they are sensitive to the economic conjuncture. By analyzing the structure of financial resources, we found that most of the Member States also used extraordinary resources in financing the public spending even if the economic situation allowed the balancing of resources with public expenditures, with negative consequences on the situation of public finances, but also on macroeconomic stability, while breaching and the existing Community regulations. A second direction of analysis was to identify the position of the Member States towards the rules of a sound fiscal policy in relation to the economic conjuncture. As a result of the analysis, we have concluded that most of the Member States have led a pro-cyclical fiscal and budgetary policy, more pronounced in 2001-2007 period.

【 授权许可】

Unknown