AN EXPLORATORY ANALYSIS OF SOME POTENTIAL FISCAL-BUDGETARY VULNERABILITIES IN ROMANIA

Ionel Leonida () and Cosmin – Octavian Cepoi ()
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Ionel Leonida: “Victor Slavescu” Centre for Financial and Monetary Research, Romania
Cosmin – Octavian Cepoi: “Victor Slavescu” Centre for Financial and Monetary Research, Romania

Contemporary Economy Journal, 2023, vol. 8, issue 4, 76-82

Abstract: The severe deterioration of public finances during the COVID-19 pandemic and its consequences brought aspects of a fiscal-budgetary nature into the debates, fiscal policy, through its instruments, being considered the main anchor through which the government can stimulate or inhibit the economy in a moment of crisis, but also afterwards. The proposed work is part of this direction of continuing the debates and analyses, aiming exploratory at the possibility of identifying some vulnerabilities or emphasizing some existing ones from the previous period, based on an analysis framework that aims at three important aspects: the evolution of the budget deficit; the evolution of public debt and their positioning in relation to economic dynamics. The result can be a source of information, of possible development and refinement, to the extent that it will signal the existence of significant fiscal-budgetary vulnerabilities in the short and medium term at the level of Romania.

Keywords: fiscal-budgetary policy; revenues; expenses; deficit; public debt; vulnerability (search for similar items in EconPapers)
JEL-codes: E61 H20 H50 (search for similar items in EconPapers)
Date: 2023
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