The public debt of Romania considering the integration in the European Union

Marcel Dracea, Cristian Tomescu and Cornelia TOMESCU Dumitrescu
Additional contact information
Cristian Tomescu: University of Craiova
Cornelia TOMESCU Dumitrescu: Constantin Brancusi University, Targu-Jiu

Finante - provocarile viitorului (Finance - Challenges of the Future), 2009, vol. 1, issue 9, 110-115

Abstract: In 2008, the budgetary politics was expansionist, pro cyclic and led to the accumulation of some significant macro economical lacks of balance manifested by budgetary deficits and of current account and o raised inflation rate. Lack of predictability of the budgetary-fiscal politics and the registered budgetary side-slips over the last year facilitated the fast degradation of perception, confirmed by the reduction of qualificatives given to Romania by the rating agencies, pressures amplification in the sense of the Romanian coin depreciation and raise of the financing costs.

Keywords: public debt; budgetary deficit; inflation rate; financing costs (search for similar items in EconPapers)
JEL-codes: H61 H62 H68 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/FPV/009-14.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2009:i:9:p:110-115

Access Statistics for this article

Finante - provocarile viitorului (Finance - Challenges of the Future) is currently edited by Marin OPRITESCU

More articles in Finante - provocarile viitorului (Finance - Challenges of the Future) from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Alina Manta ().