PUBLIC DEBT ANALYSIS BASED ON SUSTAINABILITY INDICATORS
Doina Dascalu ()
Additional contact information
Doina Dascalu: Spiru Haret University
Annals of Spiru Haret University, Economic Series, 2016, vol. 16, issue 3, 79-92
This article is an analysis of public debt, in terms of sustainability and vulnerability indicators, under a functioning market economy. The problems encountered regarding the high level of public debt or the potential risks of budgetary pressure converge to the idea that sustainability of public finances should be a major challenge for public policy. Thus, the policy adequate to address public finance sustainability must have as its starting point the overall strategy of the European Union, as well as the economic development of Member States, focusing on the most important performance components, namely, reducing public debt levels, increasing productivity and employment and, last but not the least, reforming social security systems. In order to achieve sustainable levels of public debt, the European Union Member States are required to establish and accomplish medium term strategic budgetary goals to ensure a downward trend in public debt.
Keywords: public debt; public debt sustainability; vulnerability; budget deficit; gross domestic product (GDP); level of indebtedness; European System of Accounts; Maastricht Treaty (search for similar items in EconPapers)
JEL-codes: E62 H63 O11 O47 (search for similar items in EconPapers)
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://anale.spiruharet.ro/index.php/economics/article/view/1636/pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:sphecs:0251
Access Statistics for this article
Annals of Spiru Haret University, Economic Series is currently edited by Robert Dragomir and Constantin Mecu
More articles in Annals of Spiru Haret University, Economic Series from Universitatea Spiru Haret no. 13 Street Ion Ghica, Quarter 3, Bucharest, Cod postal: 030045, tel: (004021) 455.1000; 314.00.75; 314.00.76, fax: (004021) 314.39.08, e-mail: email@example.com. Contact information at EDIRC.
Bibliographic data for series maintained by Aurelian A BONDREA ().