For most European Union countries the government expenditure exceeds government revenue which could lead in the long run to an increase in the government debt to GDP ratio. Considering the distortions generated by the financial and economic crisis, followed by the debt crisis, both local and...

For most European Union countries the government expenditure exceeds government revenue which could lead in the long run to an increase in the government debt to GDP ratio. Considering the distortions generated by the financial and economic crisis, followed by the debt crisis, both local and...

Long-term public debt sustainability can be achieved by particular public debt management measures. The changes occurred in the Romanian legislation have performed in this field both to the reduction of public debt ratio and on the public debt interests, also on the diversification of the...