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The Impact Of The Covid-19 Pandemic On Public Debt At National Level Compared To Other Member States Of The European Union

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  • CHIRCULESCU MARIA FELICIA

    (UNIVERSITY CONSTANTIN BRANCUSI TARGU JIU)

Abstract

The purpose of the present research is to present the situation of Romania from the point of view of the government debt determined according to the methodology of the European Union, as well as the positioning of Romania, within the European Union from the point of view of the mentioned indicator. The research carried out highlighted the effects of the COVID-19 pandemic on the government debt, but also the opinions of financial specialists who mention that a responsible fiscal-budgetary policy could lead to the relaunch of the economy in Romania against the background of the pandemic crisis. The resources borrowed and remaining to be repaid at a given time, at the level of any state, constitute an additional argument that justifies the topicality and importance of the research topic. The main objective of the research theme was to present the effects of COVID-19 on Romania's government debt.

Suggested Citation

  • Chirculescu Maria Felicia, 2022. "The Impact Of The Covid-19 Pandemic On Public Debt At National Level Compared To Other Member States Of The European Union," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 165-172, August.
    • Handle: RePEc:cbu:jrnlec:y:2022:v:4:p:165-172
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    2. Asatryan, Zareh & Castellón, César & Stratmann, Thomas, 2018. "Balanced budget rules and fiscal outcomes: Evidence from historical constitutions," Journal of Public Economics, Elsevier, vol. 167(C), pages 105-119.
    3. Mr. Ian Lienert, 2010. "Should Advanced Countries Adopt a Fiscal Responsibility Law?," IMF Working Papers 2010/254, International Monetary Fund.
    4. Efraim Benmelech & Nitzan Tzur-Ilan, 2020. "The Determinants of Fiscal and Monetary Policies During the Covid-19 Crisis," NBER Working Papers 27461, National Bureau of Economic Research, Inc.
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