FISCAL POLICY AND THE CONCEPTUAL MECHANISM OF FISCAL SYSTEM
The government, in most democratic states, has the supreme monopoly characteristic of public services, services that are realized through fiscal policy instruments, respectively through government revenues and expenditures. This research aims to provide the defining substrates of fiscal policy, so...
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Academica Brâncuşi
2021-04-01
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Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2021-02/10_Voda.pdf |
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doaj-2b2e8e0d9ad24174a5beffc7e8c9079c2021-09-29T08:40:59ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie 1844-70072021-04-0128086FISCAL POLICY AND THE CONCEPTUAL MECHANISM OF FISCAL SYSTEMCRISTEA LOREDANA ANDREEA0VODĂ ALINA DANIELA1UNGUREANU DRAGOȘ MIHAI2LUCIAN BLAGA UNIVERSITY OF SIBIULUCIAN BLAGA UNIVERSITY OF SIBIU SPIRU HARET UNIVERSITY, BUCHARESTThe government, in most democratic states, has the supreme monopoly characteristic of public services, services that are realized through fiscal policy instruments, respectively through government revenues and expenditures. This research aims to provide the defining substrates of fiscal policy, so that a theoretical model of the fiscal system’s functioning to can be outlined, from the perspective of the three sectors of the state, respectively: the economic, social and political plan. In order to achieve this objective, it was used as a research method, the case study of the specialized literature, being a qualitative research, meant to bring pluses in knowledge. Establishing the fiscal strategy at the level of state's political plan has direct effects on the economic plan, and, depending on the fiscal policy at the national level, there may be influences on the social plan of the country. Thus, any political choice affects the socio-economic component of the state and vice versa. The design of the taxation system can be considered an essential ingredient in public policies, as it mainly finances government spending. Based on the study, it was concluded that the use of public revenues and expenditures in order to influence the degree of the economy’s development, makes fiscal policy to be considered the medicine or the drug of public finances, which can cure or worsen the existing situation. https://www.utgjiu.ro/revista/ec/pdf/2021-02/10_Voda.pdffiscal policyfiscal mechanismfiscal systemkeynesian theory |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
CRISTEA LOREDANA ANDREEA VODĂ ALINA DANIELA UNGUREANU DRAGOȘ MIHAI |
spellingShingle |
CRISTEA LOREDANA ANDREEA VODĂ ALINA DANIELA UNGUREANU DRAGOȘ MIHAI FISCAL POLICY AND THE CONCEPTUAL MECHANISM OF FISCAL SYSTEM Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie fiscal policy fiscal mechanism fiscal system keynesian theory |
author_facet |
CRISTEA LOREDANA ANDREEA VODĂ ALINA DANIELA UNGUREANU DRAGOȘ MIHAI |
author_sort |
CRISTEA LOREDANA ANDREEA |
title |
FISCAL POLICY AND THE CONCEPTUAL MECHANISM OF FISCAL SYSTEM |
title_short |
FISCAL POLICY AND THE CONCEPTUAL MECHANISM OF FISCAL SYSTEM |
title_full |
FISCAL POLICY AND THE CONCEPTUAL MECHANISM OF FISCAL SYSTEM |
title_fullStr |
FISCAL POLICY AND THE CONCEPTUAL MECHANISM OF FISCAL SYSTEM |
title_full_unstemmed |
FISCAL POLICY AND THE CONCEPTUAL MECHANISM OF FISCAL SYSTEM |
title_sort |
fiscal policy and the conceptual mechanism of fiscal system |
publisher |
Academica Brâncuşi |
series |
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
issn |
1844-7007 |
publishDate |
2021-04-01 |
description |
The government, in most democratic states, has the supreme monopoly characteristic of public services, services that are realized
through fiscal policy instruments, respectively through government revenues and expenditures. This research aims to provide the
defining substrates of fiscal policy, so that a theoretical model of the fiscal system’s functioning to can be outlined, from the
perspective of the three sectors of the state, respectively: the economic, social and political plan. In order to achieve this objective, it
was used as a research method, the case study of the specialized literature, being a qualitative research, meant to bring pluses in
knowledge. Establishing the fiscal strategy at the level of state's political plan has direct effects on the economic plan, and,
depending on the fiscal policy at the national level, there may be influences on the social plan of the country. Thus, any political
choice affects the socio-economic component of the state and vice versa. The design of the taxation system can be considered an
essential ingredient in public policies, as it mainly finances government spending. Based on the study, it was concluded that the use
of public revenues and expenditures in order to influence the degree of the economy’s development, makes fiscal policy to be
considered the medicine or the drug of public finances, which can cure or worsen the existing situation. |
topic |
fiscal policy fiscal mechanism fiscal system keynesian theory |
url |
https://www.utgjiu.ro/revista/ec/pdf/2021-02/10_Voda.pdf |
work_keys_str_mv |
AT cristealoredanaandreea fiscalpolicyandtheconceptualmechanismoffiscalsystem AT vodaalinadaniela fiscalpolicyandtheconceptualmechanismoffiscalsystem AT ungureanudragosmihai fiscalpolicyandtheconceptualmechanismoffiscalsystem |
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