Problems Of Securing Public Revenues In Times Of Economic Crisis Cover Image

Problems Of Securing Public Revenues In Times Of Economic Crisis
Problems Of Securing Public Revenues In Times Of Economic Crisis

Author(s): Dejana Miljković, Ljubomir Miljković, Aleksandar Miljković
Subject(s): Economy
Published by: Fakultet za poslovne studije i pravo
Keywords: economic crisis; public finances; state interventionism; the budget deficit; transition

Summary/Abstract: A significant factor in the economic growth of countries in transition was the influx of foreign capital i.e. the global financial market. Development model in transition economies, based on foreign borrowing, with the tolerance of the budget and balance deficit of the current transactions was characteristic for Serbia. After mortgage market crash in the U.S., the world was in crisis whose outcome cannot be predicted, which is compared to the Great Depression that followed the collapse of the New York Stock Exchange in 1929. Measures to mitigate the effects of the financial crisis, taking almost all the countries around the world and the group of countries (G 20, seek solutions for a new world financial order. End of the current crisis and new solutions are in sight. If we know the tax is major state revenue, tax collection, both in the EU and in other countries, including our country, especially is delicate in times of economic crisis.

  • Issue Year: 2/2012
  • Issue No: 6
  • Page Range: 52-57
  • Page Count: 6
  • Language: English