Open AccessReview of the Book “The desire for a fair budget balance’’, author Ionel Bostan, C.H. Beck Publishing House, 2021
Author(s) -
Alunica Morariu
Publication year - 2021
Publication title -
logos, universality, mentality, education, novelty. section economics and administrative sciences
Language(s) - English
Resource type - Journals
eISSN - 2501-0425
pISSN - 2284-5984
DOI - 10.18662/lumeneas/6.1/31
Subject(s) - balance (ability) , certainty , publishing , debt , order (exchange) , recession , economics , law , political science , finance , keynesian economics , psychology , philosophy , epistemology , neuroscience
The devastation of state economies as a result of the manifestation of the health crisis (COVID-19) is a certainty. The true size is likely to be known in the future, but in order to prevent a "total downturn", derogations from the fiscal-budgetary constraints imposed by the Stability and Growth Pact (the corrective arm) have been granted at EU level. However, budgetary balances are being severely affected, with an obvious increase in public debt. These transitional derogations (their necessity and justification deriving only from reasons to combat the consequences of the health crisis), make the desire for a fair budget balance to be a perpetual one, needing to be taken into account, both in critical circumstances, of any kind, as well as in periods of economic growth. Explanations and arguments can be found in the work “The desire for a fair budget balance”, author Ionel Bostan, C.H. Beck Publishing House, 2021, on which we stop by this approach.