Abstract
Romania and Hungary had to face the challenges determined by the transition to the new political, economic and social systems and to set up fiscal systems and fiscal administrations to ensure the public revenues necessary to cover public expenditures.
Highlights
Romania and Hungary, two neighboring countries which both belonged to the Easter Block, after 1990 started their journey on the road of building democracy, free market economy and the state of Law
While it was a common topic that Romania delayed the process of Reform, Hungry instead was considered the leader of reforms compared with the rest of the former communist countries
The Romanian fiscal system was forced to adapt itself to this tremendous effort to pass from a planned central economy to a free market economy
Summary
Romania and Hungary, two neighboring countries which both belonged to the Easter Block, after 1990 started their journey on the road of building democracy, free market economy and the state of Law. The process of Reforms initiated after 1990 had the same purpose in both countries, but the means and ways often were different. This explains the fact why the outcome was different. While it was a common topic that Romania delayed the process of Reform, Hungry instead was considered the leader of reforms compared with the rest of the former communist countries. The outcome of the reforms made it possible, that both countries were accepted to become members of the big European family, the EU and NATO members. In the following paragraphs we shall present a comparative study of the two fiscal systems in the view of financial and fiscal regulation and the fiscal apparatus which assures all fiscal activities. Bulletin of the Transilvania University of Braşov Series VII Vol 13(62) No 2 - 2020
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