THE EVOLUTION AND SUSTAINABILITY OF PUBLIC DEBT IN THE E.U. MEMBER STATES

Corina-Florentina Scarlat (mihai)
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Corina-Florentina Scarlat (mihai): UNIVERSITY OF CRAIOVA, ROMANIA

Annals - Economy Series, 2022, vol. 3, 115-127

Abstract: The issue of public debt has returned to the fore with the rapid rise in the Covid-19 pandemic, but also with the recent rise in interest rates. Thus, questions arise about its sustainability and the need for fiscal consolidation. Therefore, in this article I will analyze the evolution of public debt in the European Union. In the new economic context, I will also focus on sustainability, given that public debt levels for many states are very high. These levels could create problems in terms of refinancing or even sustaining the current budget deficits. Thus, the idea of fiscal consolidation appears, this being the most probable topic of interest for the coming years at the level of the public agenda in the European Union.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2022:v:3:p:115-127

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