Medium-Term Budgetary Framework in the EU Member States: Study Case

Selected Paper of 4rd World Congress of Administrative and Political Sciences, (APDOL-2015) 26-28 November 2015, Rome, Italy

7 Pages Posted: 25 Jun 2019

See all articles by Tatiana Camelia Dogaru

Tatiana Camelia Dogaru

National University of Political Studies and Public Administration (NSPSPA)

Adelina Dumitrescu Peculea Peculea

Romanian Academy

Date Written: November 2015

Abstract

The current economic crisis has called for huge fiscal efforts to avoid a deflationary spiral. In the context of the crisis, the national fiscal frameworks may play an important role in sustaining budgetary retrenchment. Therefore, the need for a fiscal consolidation, meaning a well-designed fiscal and budgetary policy is a challenge for all EU Member States. Moreover, the importance of strong and resilient fiscal frameworks has been emphasised by the October 2009 Council conclusions on the fiscal exit strategy. On this premise, the paper discusses what elements and considerations should be taken into account more carefully in designing resilient fiscal frameworks so as to support optimal policy-making and to promote the respect of the Stability and Growth Pact provisions. The unit analysis consists on several EU Member States, affected by economic crisis. Taking into consideration the aim of the paper, the research methodology is based on a case study as research strategy, and uses the triangulation method to obtain confirmation of findings through convergence of different perspective. Regarding the qualitative research, the authors use theoretical framework, legal analyses, systematic and analytical collecting data from official written sources, and macroeconomic indicators for quantitative aspects.

Keywords: budgetary framework, restructuring process, governmental measures and policies

JEL Classification: D7, H1, H12

Suggested Citation

Dogaru, Tatiana Camelia and Peculea, Adelina Dumitrescu Peculea, Medium-Term Budgetary Framework in the EU Member States: Study Case (November 2015). Selected Paper of 4rd World Congress of Administrative and Political Sciences, (APDOL-2015) 26-28 November 2015, Rome, Italy, Available at SSRN: https://ssrn.com/abstract=3401436 or http://dx.doi.org/10.2139/ssrn.3401436

Tatiana Camelia Dogaru (Contact Author)

National University of Political Studies and Public Administration (NSPSPA) ( email )

6 Povernei Street
Bucharest, 010643
Romania

Adelina Dumitrescu Peculea Peculea

Romanian Academy ( email )

125, Calea Victoriei, Sector 1
Bucharest, RO - 01007
Romania

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