THE ROLE OF FISCAL POLICY WHEN RELAUNCHING THE ECONOMY DURING THE CURRENT FINANCIAL CRISIS

The financial crisis coming from developed countries has turned into a worldwide economic issue and it is becoming an unemployment crisis that all regions are facing, whereas poor countries are the most vulnerable. The states where incomes are neither high nor low as is Romania were the first among developing countries to feel the impact of the financial crisis, because they largely rely on private capital flows from abroad. It is well-known that fiscal systems are a key-factor to influence an economy's overall efficiency. They set up the bias to save, invest and work, thus influencing manufacturing growth and work force employment which are essential elements in an economic strategy, making fiscal policies the important constituents of economic reforms. What is the role of fiscal policies when relaunching the Romanian economy within the current context? What are the fiscal steps taken to relaunch the economy adopted by the government at present and how are they perceived by tax-payers? These are questions to be given an answer.