A Review on the Assessment of Public Debt Sustainability

Nicolescu Cristina ()
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Nicolescu Cristina: West University of Timi?oara, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1566-1569

Abstract: In light of the growing public debt, the issue of debt sustainability has increasingly attracted attention. At least half of the EU countries will have to implement stringent fiscal consolidation programmes over the next few years in order to prevent already high public-debt-to-GDP ratios from a further significant rise, also the case of Romania. However, drastic fiscal policy adjustment may be not feasible in the short term and hence public debt is likely to grow further.

Keywords: public debt; fiscal policy; fiscal sustainability; GDP; fiscal consolidation. (search for similar items in EconPapers)
JEL-codes: H30 H59 H60 H63 H69 (search for similar items in EconPapers)
Date: 2012
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