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Analysis of Budget deficit in Romania during 2000-2013

Author

Listed:
  • Moraru Camelia

    (Academy of Economic Studies, Bucharest)

  • Popovici Norina

    („Ovidius”University, Faculty of Economic Sciences, Constanta)

Abstract

Worldwide, over time, the years of economic crisis were defined by significant increases in the levels of budget deficits. Discussions on sizing budget deficits, financing, especially the volume of public debt became more intense, both politically and academically. The impact of budget deficit on economic growth is a common theme found in the economic policies adopted. The present paper aims to analyze the evolution of budget deficit and the structural budget deficit in Romania during 2000-2012. Study and identify levers and budget deficit reduction policies are of great importance, especially in our country where the values achieved by this indicator in recent years are alarming..

Suggested Citation

  • Moraru Camelia & Popovici Norina, 2014. "Analysis of Budget deficit in Romania during 2000-2013," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 359-362, May.
  • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:359-362
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    More about this item

    Keywords

    potential GDP; fiscal policy; output gap; structural budget deficit; cyclic budget deficit;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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