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The public debt stock is an indicator of high interest at the macroeconomic level and regulated within the European Union by the Maastricht Treaty, which provides a level of public debt of at most 60% of GDP. Romania, as a member state of the EU, must fit this percentage. This article analyzes the evolution of public debt in our country in terms of dynamics and structure for the period 2000-2018. The evolution of governmental and local public debt, as well as the service of governmental public debt and the differences between the public debt determined according to the EU methodology and the one determined according to the national methodology is highlighted. Finally, we will draw some conclusions regarding the evolution of the public debt and its sustainability

Author

Listed:
  • Dalian Marius DORAN

    (University of Craiova, Faculty of Economics and Business Administration)

  • Roxana Maria BÄ‚DÃŽRCEA

    (University of Craiova, Faculty of Economics and Business Administration)

  • Alina Georgiana MANTA

    (University of Craiova, Faculty of Economics and Business Administration)

  • Nicoleta Mihaela FLOREA

    (University of Craiova, Faculty of Economics and Business Administration)

Abstract

No abstract is available for this item.

Suggested Citation

  • Dalian Marius DORAN & Roxana Maria BÄ‚DÃŽRCEA & Alina Georgiana MANTA & Nicoleta Mihaela FLOREA, 2019. "The public debt stock is an indicator of high interest at the macroeconomic level and regulated within the European Union by the Maastricht Treaty, which provides a level of public debt of at most 60%," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(21), pages 46-53, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:46-53
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    References listed on IDEAS

    as
    1. Barro, Robert J, 1979. "On the Determination of the Public Debt," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 940-971, October.
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    4. Adam, Christopher S. & Bevan, David L., 2005. "Fiscal deficits and growth in developing countries," Journal of Public Economics, Elsevier, vol. 89(4), pages 571-597, April.
    5. Daniel Hoechle, 2007. "Robust standard errors for panel regressions with cross-sectional dependence," Stata Journal, StataCorp LP, vol. 7(3), pages 281-312, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public debt; government bonds; public debt crisis; public loan.;
    All these keywords.

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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