<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The fiscal and budget policies developed over the last few years by policy makers emphasize fiscal relaxation measures in order to stimulate economic growth. Expected by employers and employees alike, they sometimes lead to results opposite to those pursued, especially if they do not take into account the particularities of the economic domains concerned and the social realities of the state. Due to the limited and often insufficient financial resources, it is necessary to stimulate those areas considered as generators of growth, and a good example in this sense is the research, development and innovation. In the context of the difficulties of ensuring an optimal level of public funding, it becomes increasingly obvious that legislative changes of fiscal and budgetary nature and how they can be implemented can be both a basis for the sustainability of public finances and for increasing competitiveness and a disturbing factor in the labor market and progress.</p></abstract>

The fiscal and budget policies developed over the last few years by policy makers emphasize fiscal relaxation measures in order to stimulate economic growth. Expected by employers and employees alike, they sometimes lead to results opposite to those pursued, especially if they do not take into account the particularities of the economic domains concerned and the social realities of the state. Due to the limited and often insufficient financial resources, it is necessary to stimulate those areas considered as generators of growth, and a good example in this sense is the research, development and innovation. In the context of the difficulties of ensuring an optimal level of public funding, it becomes increasingly obvious that legislative changes of fiscal and budgetary nature and how they can be implemented can be both a basis for the sustainability of public finances and for increasing competitiveness and a disturbing factor in the labor market and progress.

Fiscal-Budgetary Policy as a Stimulation Tool of Economic Growth and of the Level of the Financial Resources of the State

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This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The fiscal and budget policies developed over the last few years by policy makers emphasize fiscal relaxation measures in order to stimulate economic growth....

Fiscal-Budgetary Policy as a Stimulation Tool of Economic Growth and of the Level of the Financial Resources of the State

Published Online: Jul 23, 2019

Page range: 37 - 45

DOI: https://doi.org/10.2478/kbo-2019-0054

Keywords
fiscal-budgetary policy, economic growth, public income, public expenditure, tax revenue

© 2019 Elena Florişteanu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Fiscal-Budgetary Policy as a Stimulation Tool of Economic Growth and of the Level of the Financial Resources of the State

Published Online: Jul 23, 2019

Page range: 37 - 45

DOI: https://doi.org/10.2478/kbo-2019-0054

Keywordsfiscal-budgetary policy, economic growth, public income, public expenditure, tax revenue

© 2019 Elena Florişteanu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
fiscal-budgetary policy, economic growth, public income, public expenditure, tax revenue