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Public Debt Analysis Based On Sustainability Indicators

Author

Listed:
  • DASCALU, Doina

    (Spiru Haret University)

Abstract

This article is an analysis of public debt, in terms of sustainability and vulnerability indicators, under a functioning market economy. The problems encountered regarding the high level of public debt or the potential risks of budgetary pressure converge to the idea that sustainability of public finances should be a major challenge for public policy. Thus, the policy adequate to address public finance sustainability must have as its starting point the overall strategy of the European Union, as well as the economic development of Member States, focusing on the most important performance components, namely, reducing public debt levels, increasing productivity and employment and, last but not the least, reforming social security systems. In order to achieve sustainable levels of public debt, the European Union Member States are required to establish and accomplish medium term strategic budgetary goals to ensure a downward trend in public debt.

Suggested Citation

  • DASCALU, Doina, 2016. "Public Debt Analysis Based On Sustainability Indicators," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 16(3), pages 79-92.
    • Handle: RePEc:ris:sphecs:0251
    as

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    File URL: http://anale.spiruharet.ro/index.php/economics/article/view/1636/pdf
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    Citations

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    Cited by:

    1. MOHAJAN, Haradhan Kumar, 2018. "Analysis Of Food Production And Poverty Reduction Of Bangladesh," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 9(1), pages 191-205.

    More about this item

    Keywords

    public debt; public debt sustainability; vulnerability; budget deficit; gross domestic product (GDP); level of indebtedness; European System of Accounts; Maastricht Treaty;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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