Romania's public debts and their consequences upon the economy

Ionela Popa, Diana Codreanu and Albici Mihaela ()

MPRA Paper from University Library of Munich, Germany

Abstract: In June 2009, Romania’s public debts rose by 12.6% more than late last year, that is up to 123.61 billion Lei (29.4 billion Euros), meaning 23.27% of the gross domestic product originally estimated for this year. Foreign loans are not a new phenomenon. Yet, in the current economic context, it is the consequences which might occur that bother most of us as a result of the (significant) increase of public debts. Concluding a loan agreement with the International Monetary Fund is « necessary evil » because it has both advantages and disadvantages. This paper aims at analyzing aspects regarding the benefits, direct and indirect costs, and social effects of such a loan.

Keywords: public debts; elbows; benefits; economy (search for similar items in EconPapers)
JEL-codes: F34 G38 H63 (search for similar items in EconPapers)
Date: 2010-02-09
New Economics Papers: this item is included in nep-mac, nep-pbe and nep-tra
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Citations: View citations in EconPapers (1)

Published in Conference Proceedings 3, The 15-th International Conference the Knowledge-Based Organization (2009): pp. 140-143

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:20608

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