REPERCURSIONS OF THE IMPLEMENTATION OF FISCAL POLICY'S OBJECTIVES ON ECONOMIC GROWTH

The paper aims to present that fiscal policy has a direct impact on economic growth. Any changes into its objective are reflected directly and indirectly on entire economic actors. The research is based on comparative analysis of trends in several indicators assessing the economic efficiency of the tax systems of EU's largest 19 member states and shows how changes in fiscal policy vision directly affect investments, confidence of foreign direct investors, individual perceptions about fiscal matters. The ways of which fiscal policy's objectives are implemented in each country depend on its public authorities, and how they accurately assess the rhythm and effects of the measures. The author comes up with an alarm signal, specifying that the way fiscal policy is managed, especially the tax policy, brings crucial repercussions for the country's sustainable economic development as well as for the image of political stability promoted in relations with international partners.