A Review on the Assessment of Public Debt Sustainability

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.

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Year of publication:	2012
Authors:	Cristina, Nicolescu
Published in:	Ovidius University Annals, Economic Sciences Series. - Facultatea de Ştiinţe Economice, ISSN 1582-9383. - Vol. XII.2012, 1, p. 1566-1569
Publisher:	Facultatea de Ştiinţe Economice
Subject:	public debt \| fiscal policy \| fiscal sustainability \| GDP \| fiscal consolidation

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Extent:	application/pdf
Type of publication:	Article
Classification:	H63 - Debt; Debt Management ; H30 - Fiscal Policies and Behavior of Economic Agents. General ; H69 - National Budget, Deficit, and Debt. Other ; H60 - National Budget, Deficit, and Debt. General ; H59 - National Government Expenditures and Related Policies. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010925900