Romanian Fiscal Policy in Perspective of Admittance in EU

Abstract

The paper analizes the convergence between Romanian and European fiscal policy in terms of three issues: the fiscal revenues percentage of GDP, the structure of public revenues and the public budget deficit (under the constrait of 3% of GDP). The analysis reveals small differences for the first and second issues and an important opportunity cost for the ceiling of deficit.

Keywords

• European Union
• fiscal policy
• fiscal revenues
• tax revenues
• budget deficit