Sustainability can also be assessed in other terms but the size of the accumulated stock of public debt. Even with an indebtedness degree of 20%, budget and fiscal policies may be unsustainable if, for example, that State is unable to pay its obligations arising from the contracted public loans,...

The aim of this study is to present the theoretical background for the concepts of fiscal vulnerability and fiscal sustainability. The distinction between them is very thin and accounts for the time horizon. For assessing the state (vulnerable/sustainable) of fiscal policy, it can be used few...

This paper analyzes the relationship between fiscal policy and the macroeconomic indicators (economic growth, inflation rate, unemployment rate, public debt) in the case of Romania for the period 1990-2007. The correlations between these variables are tested by applying the regression technique,...