Debt Burden in Romanian Economy

Gina Ioan ()
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Gina Ioan: Danubius University of Galati

Acta Universitatis Danubius. OEconomica, 2013, issue 9(6), 89-94

Abstract: The paper treats the debt burden in Romanian economy. The rigidity of the structure of public spending has not allowed rapid adjustment to respond to massive reduction of production and income, reflected in excessive budget deficits and public debt doubled in a few years. The paper concludes that public debt which is poorly structured, is an important factor in macroeconomic instability and also in propagating economic crises.

Keywords: debt; crisis; Romanian economy; production; income (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2013:i:6:p:89-94

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