THE IMPACT OF FISCAL – BUDGETARY POLICIES ON THE ENTERPRISE INVESTMENT DECISIONS

This paper analyzes the impact of Government decisions on the enterprise investment decision, taking into account the important role of the investments in economic growth. After presenting the fiscal policy instruments used by the EU countries to stimulate investments, we notice that the most widely used instruments are fiscal deductions, fiscal credits and tax rate reduction.On the other hand, in Romania we observe the deductible caracter of interest expenditures and fixed assets break-even expeditures, and although the 16% rate of income tax. In conclusion, the flat tax offers some advantages, among which we have observed the increase of the investment level, the increase of the budgetary incomes as a result of the increase of the tax basis, the increase of the attractiveness of the economic environment, with a positive impact towards attracting foreign investors, the decreasing of tax evasion.