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Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017

Author

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  • Trandafir Adina

    (“Spiru Haret†University)

Abstract

Sustainability has become one of the most used terms in public finance assessment. This article treats the issue of sustainability of public finance in terms of social measures adopted in Romania during 2006-2017. In other words, indicators for public finance sustainability will not be calculated in this article, but will be measured the impact of population aging, expenditures with all social and health protection measures on total public debt and government debt. This study has started from the idea that public finance sustainability is, essentially, the ability of a government to sustain the long-term expenditures without increasing public debt. According to the results obtained from the econometric calculations, the increase of the public debt in Romania in the last 12 years is explained in the ratio of 9% by the increase in pension expenditures and 16.8% by the increase of the social security expenditures. In this case, more coherent fiscal, social and economic policy measures are needed in Romania.

Suggested Citation

  • Trandafir Adina, 2017. "Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 676-682, December.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:2:p:676-682
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2017-2/Section%20V/34.pdf
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    Citations

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    Cited by:

    1. Zapji Ymélé Aimé Philombe, 2022. "Interest Charges and the “Said†Ageing-related Expenditures: A Study of OECD Countries," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 15(3), pages 7-23, December.

    More about this item

    Keywords

    Sustainability; Public Finance; Fiscal Policy; Public Pensions; Social Security;
    All these keywords.

    JEL classification:

    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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