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A Review on the Assessment of Public Debt Sustainability

Author

Listed:
  • Nicolescu Cristina

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

Abstract

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.

Suggested Citation

  • Nicolescu Cristina, 2012. "A Review on the Assessment of Public Debt Sustainability," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1566-1569, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1566-1569
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    More about this item

    Keywords

    public debt; fiscal policy; fiscal sustainability; GDP; fiscal consolidation.;

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H69 - Public Economics - - National Budget, Deficit, and Debt - - - Other
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H59 - Public Economics - - National Government Expenditures and Related Policies - - - Other

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