IDEAS home Printed from https://ideas.repec.org/a/aio/fpvfcf/v1y2009i9p110-115.html
   My bibliography  Save this article

The public debt of Romania considering the integration in the European Union

Author

Listed:
  • Marcel DRACEA
  • Cristian TOMESCU

    (University of Craiova)

  • Cornelia TOMESCU DUMITRESCU

    (Constantin Brancusi University, Targu-Jiu)

Abstract

In 2008, the budgetary politics was expansionist, pro cyclic and led to the accumulation of some significant macro economical lacks of balance manifested by budgetary deficits and of current account and o raised inflation rate. Lack of predictability of the budgetary-fiscal politics and the registered budgetary side-slips over the last year facilitated the fast degradation of perception, confirmed by the reduction of qualificatives given to Romania by the rating agencies, pressures amplification in the sense of the Romanian coin depreciation and raise of the financing costs.

Suggested Citation

  • Marcel DRACEA & Cristian TOMESCU & Cornelia TOMESCU DUMITRESCU, 2009. "The public debt of Romania considering the integration in the European Union," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 110-115, May.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2009:i:9:p:110-115
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/FPV/009-14.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    public debt; budgetary deficit; inflation rate; financing costs;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:fpvfcf:v:1:y:2009:i:9:p:110-115. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alina Manta (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.