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Aspects Regarding The Size Of Romania'S Cash Budget Deficit

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  • CHIRCULESCU MARIA FELICIA

    (CONSTANTIN BRANCUSI TARGU JIU)

Abstract

In the paper, one of the objectives is to identify the factors that determine the size of Romania's cash budget deficit, because it is a matter of great interest. At present, although the existence of public sector deficits has been accepted, they are still a point of interest for both academia and decision-makers. Therefore, this paper joins the numerous studies, developed over time, both theoretically and empirically, which aimed at investigating the causes that influenced the size of budget deficits and their perpetuation. The analyzes made in the paper reveal that Romania, in the analyzed period, achieved the deficit target of less than 3% of GDP, especially through the elaboration and adoption of measures to limit expenditure. In the short term, the forecast for 2020 through the fiscal fiscal policy promoted is to reduce the cash budget deficit; so at the level of 2020, Romania's cash budget deficit will be -1.80% of GDP, from -2.88% of GDP in 2017.

Suggested Citation

  • Chirculescu Maria Felicia, 2019. "Aspects Regarding The Size Of Romania'S Cash Budget Deficit," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 115-121, June.
    • Handle: RePEc:cbu:jrnlec:y:2019:v:3:p:115-121
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    References listed on IDEAS

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    1. Roubini, Nouriel & Sachs, Jeffrey D., 1989. "Political and economic determinants of budget deficits in the industrial democracies," European Economic Review, Elsevier, vol. 33(5), pages 903-933, May.
    2. Michael B. Devereux, 1995. "Anticipated Budget Deficits and the Real Exchange Rate," Canadian Journal of Economics, Canadian Economics Association, vol. 28(s1), pages 207-220, November.
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