The issue of public revenues' determinants in the Republic of Serbia (original) (raw)
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In economic development of every country, incomes from different taxes play a major role.So, fiscal policies shows that they can support economic development a lot, even in transitions countries.However, the slowdown in economic growth in most countries of the region as well as in the euro area has influenced the economy of Kosovo to slow the pace of growth compared with the previous year. External sector is regarded as the most influential factor in slowing economic growth as a result of the decline in exports, the marked fall of foreign direct investment as well as easy to fall recorded deliveries from immigrants. Experience from past financial crises, suggests that lasting recovery requires a review of the policies and procedures of fiscal policy, also our country in general need to come out with a clear view of what kind of coordination device they want to "invent" in order to increase incomes from different taxes and in particular to find priorities in order to invest on those sectors. On this paper we will focus on the impact that good fiscal policies have on promoting economic development and also on sustainable budget.
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The purpose of this paper is to analyze the factors that will increase or will reduce revenues from taxes collected by the government. The variables that we have took in consideration are GDP, inflation, income tax, unemployment and imports. We have used the statistical analysis to see if there is a connection between the variables that we have chosen as explanatory ones. Through the use of the logarithmic function we will see how flexible is the GDP of our country related to income from taxes and government spending. The data that we have analyzed are obtained from the Ministry of Finance, INSTAT, World Bank, etc..
European Journal of Economics, Law and Social Sciences, 2017
Main purpose of political makers is the economic growth of a country. Tax policy is oft en mentioned in research as an important determinant of economic growth. This study is of great importance in the formulation of these policies which would affect the efficiency of collection of taxes in order to cover public expenditures, which would have an impact in the growth of the country's economy. To assess this effect, we have done a descriptive statistical analysis of the structure and trends in tax collection in Kosovo from 2005 to 2015. In this research we have considered how tax policies impact on economic growth by using data from years. The results from this analysis confirm that the structure and trends of taxes in Kosovo have contributed to the growth of public investment growth, contributing directly to GDP growth. Also based on the findings we have noticed that the share of tax revenues in the country's Gross Domestic Product was relatively low compared to other countri...
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Public Revenues and Expenditures in Kosovo
European Journal of Marketing and Economics, 2018
Within this Thesis, efforts have been made to explore, analyse and address the role and importance of Public Revenues and Expenditures, regarding their functioning in the country, with particular emphasis on the Republic of Kosovo during 1999-2018. Following the end of the war in June 1999, the Republic of Kosovo faced serious challenges, which it should have gone through. After the war, between 1999 and 2008, Kosovo was administered by UNMIK. With the declaration of independence in 2008, the Republic of Kosovo assumed all the responsibilities in the management of public finances, where state activities related to the collection of public revenues and public expenditure coverage are steered and managed by the Ministry of Finance within the State Government. According to the Legislation of the Republic of Kosovo, accountability in the management of public money consists of a chain of participants, each of which is responsible for achieving certain goals, and each is accountable to the highest level authority for achieving these goals. The highest authority in this hierarchy is held by citizens, who are represented by elected members of the Assembly and Municipal governments. The Government elected by the Assembly then assigns responsibilities to the Ministers, in order to enforce government policies, who within the scope permitted by applicable rules, through regulations, policies and administrative arrangements, assign further powers and responsibilities to the senior managers of budget organizations and other users of public property. The research question put forward is: How will the Government, through public revenues and public expenditures with a budget management, impact the growth of goods, public services for the citizens of Kosovo.