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Public Debt Sustenability Analysis

Author

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  • Mariana Paja

    (Faculty of Economics Sciences, Ecological University of Bucharest, Romania)

Abstract

Assessing public debt sustainability has always been in the now and required an analysis of public debt management within the current macroeconomic environment along with the significant public debt increase in Romania. In the analysis of public debt sustainability performance are used the indicators that assess the risk that might arise due to the impact of economic conditions on debt. Romania's public debt according to EU methodology was located at a sustainable level of 38.2% of GDP at end-June 2016, well below the 60% ceiling set by the Maastricht Treaty.Moreover, throughout the period, including the financial and economic crisis, Romania was situated among EU Member States least indebted. It is important to note that annual funding requirement during 2010-2015, which is represented by the budget deficit and public debt refinancing, had a decreasing trend.

Suggested Citation

  • Mariana Paja, 2017. "Public Debt Sustenability Analysis," Management Strategies Journal, Constantin Brancoveanu University, vol. 35(1), pages 242-250.
    • Handle: RePEc:brc:journl:v:35:y:2017:i:1:p:242-250
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    More about this item

    Keywords

    Sustainability; public debt; GDP; external public debt;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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