|
ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
Our journal is currently indexed in the following databases:
|
| |
Article from Volume 10, Number 3, Year 2022| PANDEMIC IN ROMANIA - FINANCIAL AND TAXATION MEASURES TAKEN DURING THE COVID-19 CRISIS AND THEIR EFFECTS ON THE ROMANIAN PUBLIC ECONOMY | 
Download | | Author(s): Cristina Elena Cazacu, Teodora Valentina Lica, Cristina Gabriela Cosmulese | | DOI: 10.4316/EJAFB.2022.1036 | | Abstract: The outbreak of the Pandemic caused not only a global health crisis but also a strong economic crisis. This paper aims to present the main financing programs adopted at the European level to counter the effects of the pandemic and the effects of these programs on the main macroeconomic indicators of Romania: twin deficits (budget deficit and current account deficit), public debt, evolution of budget revenues and expenditures, economic growth and labor market evolution. The research was conducted between 2019-2021 and is based on analysis of the data collected on Eurostat, INSSE and BNR. The study concludes that the negative impact of the pandemic crisis was significantly mitigated by the funds provided by the EU, but due to the economic context in which Romania was at the onset of the crisis, characterized by a high budget deficit, the return to economic growth will be a long and difficult process. | | Keywords: Pandemic; National Budget; Public Debt; Economic Growth; GDP | References:
1. ANAF Performance Report For 2020. Retrieved 01 August 2022 From Anaf.ro
2. Annual Statistical Reports, 2019, 2020, 2021 Retrieved 01 August 2022 From Insse.ro
3. BNR.ro. Retrieved 23 August 2022 From Https://www.bnr.ro/page.aspx?prid=20576
4. Boscá, J. E., Doménech, R., & Ferri, J. (2020). El Impacto Macroeconómico Del Coronavirus. Documentos Macroeconomía FEDEA. Retrieved 01 August 2022 From Https://documentos.fedea.net/pubs/ap/2020/ap2020-02.pdf
5. D?ianu, D. (2021). Economia Si Pandemia. Ce Urmeaza? Polirom, Iasi, Romania.
6. D'Alfonso, A., Delivorias, A., Milotay, N., & Sapa?a, M. (2021). Economic And Budgetary Outlook For The European Union 2021, European Parliamentary Research Service. Retrieved 22 September 2022 From Https://www.sipotra.it/wp-content/uploads/2021/02/Economic-and-Budgetary-Outlook-for-the-European-Union-2021.pdf
7. Ene, M. (2020). Tax Measures During COVID-19 Pandemic. Tax Magazine, 2, 90-98.
8. EU In 2020 – General Report On The Activities Of The Union. Retrieved 27 September 2022 From Https://op.europa.eu/webpub/com/general-report-2020/en/
9. Fiscal Budgetary Strategy, 2021-2023, Retrieved 22 September 2022 From Http://sgg.gov.ro/1/wp-content/uploads/2021/02/SFB-2021-2023-1.pdf
10. Fiscal Council Reports, Years 2019; 2020; 2021. Retrieved 29 September 2022 From Http://www.consiliulfiscal.ro/
11. Fuest, C. (2021). The NGEU Economic Recovery Fund. CESifo Forum, 22(1), 3-8.
12. General Government Gross Debt, Eurostat. Retrieved 22 September 2022 From Https://ec.europa.eu/eurostat/databrowser/view/sdg_17_40/default/table?lang=en
13. General Government Gross Debt, Eurostat. Retrieved 22 September 2022 From Https://ec.europa.eu/eurostat/databrowser/view/sdg_17_40/default/table?lang=en
14. González Aparicio, M. (2020). Fiscal Actions Taken In Spain As A Result Of COVID-19 And Proposals For The Future Journal. Cluj Tax Forum, 2, 27-34.
15. Government Deficit/surplus, Debt And Associated Data, Eurostat. Retrieved 22 September 2022 From Https://ec.europa.eu/eurostat/databrowser/view/GOV_10DD_EDPT1__custom_3222485/default/table?lang=en
16. Gross Domestic Product At Market Prices, Eurostat. Retrieved 22 September 2022 From Https://ec.europa.eu/eurostat/databrowser/view/tec00001/default/table?lang=en
17. Institutul National De Statistica Romania. Press Release No. 39/15 February 2022. Retrieved 29 August 2022 From Https://insse.ro/cms/sites/default/files/com_presa/com_pdf/pib_tr4r2021.pdf
18. Institutul National De Statistica Romania, Press Release No. 42/ 16 February 2021. Retrieved 29 August 2022 From Https://insse.ro/cms/sites/default/files/com_presa/com_pdf/pib_tr4r2020.pdf
19. Main National Accounts Tax Aggregates, Eurostat. Retrieved 22 September 2022 From Https://ec.europa.eu/eurostat/databrowser/view/GOV_10A_TAXAG__custom_3237398/default/table?lang=en
20. Miron, D., Strat, V., Marina?, C. V., & Marina?, L. E. (2021). Post-pandemic Economic Recovery. Opportunities For Romania In The Medium And Long Term, European Institute In Romania, SPOS, 4. Retrieved 29 July 2022 From SPOS-nr.-4_Redresarea-economica-post-pandemie_final_site.pdf
21. Nunez, J.N. (2021). Avoiding The Main Risks In The Recovery Plans Of Member States, CEPR Reflection Paper No. 1. Retrieved 29 August 2022 From Https://www.ceps.eu/wp-content/uploads/2021/03/Recovery-and-Resilience-Reflection-Paper-No1.pdf
22. Pandemic Emergency Purchase Programme (PEPP). (2022). Retrieved 29 August 2022 From Https://www.ecb.europa.eu/mopo/implement/pepp/html/index.en.html.
23. Pele, A. (2021). Dan Vîlceanu Ofer? Primele Cifre Privind Efectele Ale Ajutoarelor Fiscale / E-facturare – Din Septembrie, în Rela?ia Cu Statul. Retrieved 28 August 2022 From Https://cursdeguvernare.ro/dan-vilceanu-efecte-masuri-fiscale-criza-covid-19.html
24. Press Release: BIM Unemployment December 2021. Retrieved 22 August 2022 From Https://insse.ro/cms/sites/default/files/com_presa/com_pdf/somaj_bim_decembrie21r.pdf;
25. Press Release: BIM Unemployment, December 2020. Retrieved 23 August 2022 From Https://insse.ro/cms/sites/default/files/com_presa/com_pdf/somaj_bim_dec20r.pdf
26. Romero-Jordán, D., & Sanz-Sanz, J. F. (2020). Medidas Fiscales Para Mejorar La Liquidez Empresarial En Respuesta Al COVID-19. Cuadernos De Información Económica, 276, 23-31.
27. Rusu, R. (2021). Daniel D?ianu, BNR: Consolidarea Bugetar? Este Esen?ial? ?i Fiindc? BNR Nu Poate Proteja Singur? Stabilitatea Leului. Stabilitatea Monedei Nu Este Identic? Cu Imobilismul Cursului De Schimb. Financial Newspaper. Retrieved 23 August 2022 From Https://www.zf.ro/banci-si-asigurari/daniel-daianu-bnr-consolidarea-bugetara-este-esentiala-si-fiindca-20777387
28. Social Insurance Budget Law 2020. Retrieved 29 August 2022 From Https://static.anaf.ro/static/10/Anaf/legislatie/L_6_2020.pdf
29. Social Insurance Budget Law 2021. Retrieved 29 August 2022 From Https://static.anaf.ro/static/10/Anaf/legislatie/L_16_2021.pdf
30. State Budget Law 2020. Retrieved 29 August 2022 From Https://static.anaf.ro/static/10/Anaf/legislatie/L_5_2020.pdf
31. State Budget Law 2021. Retrieved 29 August 2022 From Https://static.anaf.ro/static/10/Anaf/legislatie/L_15_2021.pdf
32. Statistical Yearbooks Of Romania 2019; 2020; 2021. Retrieved 20 July- 29 August 2022 From Insse.ro
33. The EU's 2021-2027 Long-term Budget And NextGenerationEU, Publications Office Of The EU. Retrieved 25 July- 12 August 2022 From Https://op.europa.eu/en/publication-detail/-/publication/d3e77637-a963-11eb-9585-01aa75ed71a1/language-en
34. Tulvinschi, M., Macovei, A.G. (2020). Econometric Analysis Of The Influence Of Corporate TAX And VAT Rate On Tax Revenues Of Companies In EU Member States(2020). The European Journal Of Accounting, Finance & Business, Volume 8/2020, Issue 2/ June 2020, DOI: 10.4316/EJAFB.2020.8212.
|
| | Back to journal ... |
|
|
| |
|
|
|
