Non-reimbursable external funds versus public debt

The scientific research conducted by the authors focuses on analyzing nonreimbursable external funds and public debt considering the social and economic context in Romania. The research approaches non-reimbursable external funds, implementation and absorption of financial flows generated by structural funds for 2007-2013. Authors point out that the administration process for governmental public debt has as the main objective ensuring government financing requirements while minimizing long term debts and limiting risks. Advantages and disadvantages of accessing non-reimbursable external funds versus state loans are also presented.