In this article we analyze which are the mutations of public debt stock and public debt service on the structure of public expenditures. We use functional classification of public expenditures and observe their evolution by using multiple regression equation in order to emphasize the shifts of...

The concept of government public debt is a complex one and it has to be analyzed according to the current context influenced by the global financial and economic crisis. In analyzing the government debt it is important to observe its structure in relation to its origin, categories of...

The concept of public debt is a complex one and it has been analyzed many times throughout the years but the current context influenced by the global financial and economic crisis highlights the importance of prudent public debt management. The term of public debt is based on the financial...

Financial markets turmoil, the collapse of the U.S. housing market, Lehman Brothers’ bankruptcy, the lack of liquidity that followed, decreasing confidence of both population and private sector, have brought a severe financial crisis in mid 2007, which quickly turned into a economic recession....

In this paper we concerning about the unsustainable level of public indebtedness of developing countries, due the fragile and undeveloped national economy, under different impact factors that may lead to a debt crisis and government insolvency. We analyze the ratio between GDP annual growth rate...

It is every citizen's right to know how decisions are made, what interests lie behind them and how taxpayers’ resources are allocated and spent. Considering these reasons, one might feel the need to measure the level of influence attributed to lobbyists, regardless of their status and needs....

There are two points of view on the performance of the public administration: an internal one, governed by the principle of the three “E”’s and an external one, a measure of the public accessibility to the civil service. The problem with these two points of view in that, although they show...

International economic and financial crisis triggered in 2008 showed, on the one hand that for policy makers, the system of current statistics (national accounts) suffers from some fundamental structural weaknesses due to lack of relevant information and quality of existing data and, on the...

Worldwide, over time, the years of economic crisis were defined by significant increases in the levels of budget deficits. Discussions on sizing budget deficits, financing, especially the volume of public debt became more intense, both politically and academically. The impact of budget deficit...

Experts believe that is being wasted so many resources, allocating budgetary policy that does not provide a sufficiently clearly identifiable European added value. In addition, the Community budget has often been criticized for lack of transparency. The General rules concerning the distribution...