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Evaluation Of The Fiscal-Budgetary Policy Sustainability In Romania


  • Padurean, Elena

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Leonida, Ionel

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Baltaretu, Camelia

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)


The study aims to systematize the results presented in the literature on fiscal stability, and fiscal sustainability issue. Based on these results, the authors determined a number of relevant indicators for the quality of public finances, for Romania: a) fiscal stance, b) fiscal impulse, c) sustainable tax rate, d) sustainable rate of budgetary expenditure; e) gap of sustainable tax; f) gap of sustainable budgetary spending. These indicators are then analyzed for their significance in terms of fiscal sustainability in Romania, during 2001-2009.

Suggested Citation

  • Padurean, Elena & Leonida, Ionel & Baltaretu, Camelia, 2010. "Evaluation Of The Fiscal-Budgetary Policy Sustainability In Romania," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 14(4), pages 126-139.
  • Handle: RePEc:vls:finstu:v:14:y:2010:i:4:p:126-139

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    sustainability; structural deficit; fiscal stance; fiscal impulse;

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt


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