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IMPACT OF PUBLIC DEBT ON THE ROMANIAN ECONOMY IN CONDITIONS OF ECONOMIC CRISIS

Mirela Anca Postole and Marilena Ciobănaşu
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Mirela Anca Postole: University Titu Maiorescu, Bucharest
Marilena Ciobănaşu: University Titu Maiorescu, Bucharest

Theoretical and Applied Economics, 2013, vol. XX, issue Special I, 168-179

Abstract: The scientific approach of the authors is considering a review of the impact of public debt on the Romanian economy in conditions of economic crisis. Installation of global economic crisis caused major changes in economy all states including the Romanian economy. Issue debt, subject of increasingly debated today, not a recent phenomenon. Because of the many changes in political, economic and social development in the country, increased resource needs, especially financial ones, proved to be absolutely necessary for economic development. Accumulation of public debt in Romania and increased indebtedness today is the result of political regime change in early 1990.

Keywords: economy; debt; economic crisis. (search for similar items in EconPapers)
Date: 2013
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