EVALUATION OF THE FISCAL-BUDGETARY POLICY SUSTAINABILITY IN ROMANIA

Elena Padurean, Ionel Leonida and Camelia Baltaretu
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Elena Padurean: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Ionel Leonida: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Camelia Baltaretu: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy

Studii Financiare (Financial Studies), 2010, vol. 14, issue 4, 126-139

Abstract: The study aims to systematize the results presented in the literature on fiscal stability, and fiscal sustainability issue. Based on these results, the authors determined a number of relevant indicators for the quality of public finances, for Romania: a) fiscal stance, b) fiscal impulse, c) sustainable tax rate, d) sustainable rate of budgetary expenditure; e) gap of sustainable tax; f) gap of sustainable budgetary spending. These indicators are then analyzed for their significance in terms of fiscal sustainability in Romania, during 2001-2009.

Keywords: sustainability; structural deficit; fiscal stance; fiscal impulse (search for similar items in EconPapers)
JEL-codes: H62 H63 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:14:y:2010:i:4:p:126-139

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