ROMANIA'S PUBLIC DEBT AFTER THE COVID-19 PANDEMIC

Apostol Luiza Madalina
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Apostol Luiza Madalina: THE NATIONAL UNIVERSITY OF SCIENCE AND TECHNOLOGY POLITEHNICA BUCHAREST, PITESTI UNIVERSITY CENTRE, ROMANIA

Annals - Economy Series, 2023, vol. 6II, 54-63

Abstract: This paper examines the dynamics of Romania's public debt for the period 2016-2022, respectively the years before and after the outbreak of the COVID 19 pandemic. Therefore, we analyzed first the evolution of the share of the budget deficit in GDP and the cyclical influences that reflect the answer of the budget balance to the variations of the economic cycle and the non-cyclical ones that indicate the structural adjustments of the fiscal policies. Next, we investigated the evolution of the weight of public debt in GDP, as well as its determining factors, namely the primary balance and the difference between the economic growth rate and the effective interest rate.

Keywords: public debt; budget deficit; growth rate; Covid-19 pandemic (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2023:v:6ii:p:54-63

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