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A Review on the Assessment of Public Debt Sustainability

  • Nicolescu Cristina

    ()

    (West University of Timi?oara, Faculty of Economics and Business Administration)

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    In light of the growing public debt, the issue of debt sustainability has increasingly attracted attention. At least half of the EU countries will have to implement stringent fiscal consolidation programmes over the next few years in order to prevent already high public-debt-to-GDP ratios from a further significant rise, also the case of Romania. However, drastic fiscal policy adjustment may be not feasible in the short term and hence public debt is likely to grow further.

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    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p1.pdf
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    Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

    Volume (Year): XII (2012)
    Issue (Month): 1 (May)
    Pages: 1566-1569

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    Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1566-1569
    Contact details of provider: Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice

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