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...

Decentralization is an opportunity to provide public services depending on the citizens’needs and taking into consideration the financial constraints of the local budgets. The real convergence involves a similarity of the decentralization degree for public services between the countries...

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...