ARTÍCULO
TITULO

Public Debts Trends in the Current Economic Context, from Both National and International Perspective

Doina Dascalu    
Dragos Ungureanu    

Resumen

. The article presents an analysis of the way public debt operates in Romania, in the context of states economies trends, of complex and topical financial environments.In the context of a functional market economy, the issues faced by certain states involving high public debt levels or potential budgetary pressure risks converge towards the idea that public finances sustainability needs to be a major challenge at the level of public policies. Considering this situation, the adequate policies to tackle public finances sustainability need to have, as a launching base, the overall strategy of the European Union, focused on the three component parts, namely abatement of public debt, increasing productivity and employment and last but not least, reforming the pension and healthcare systems.To ensure reasonably sustainable public debt levels, EU member states need to attain medium term strategic budgetary objectives, that would ensure a downward trend of public debt, a condition which can be fulfilled by compliance with budget policies rules, which ground development in the macroeconomic framework.

 Artículos similares

       
 
Wei-Bin Zhang     Pág. 1 - 34
This study deals with dynamic relationships between global growth, trade, economicstructural change, and government?s debts. Government debts are seldom theoretically modelledin the literature of global economic growth theory. We introduce governments? d... ver más

 
Winston PONTOH     Pág. 1 - 10
Dividend policy is still a controversy in corporate finance area, since public firms are distributing the earnings differently. By conducting multinomial logistic regression analysis with 241 firms as samples which is listed in Indonesia Stock Exchange f... ver más

 
Mehmet Behzat Ekinci     Pág. 45 - 54
An economy using external resources can aim at several targets e.g. growth, public financing, covering a deficit in the balance of payments. However, external borrowing may result in some negative impacts such as a vicious cycle of increase in external d... ver más

 
Charles Wyplosz     Pág. 37
Debt sustainability is a vexing issue. Its importance is immediately obvious but it escapes any easy definition. This situation is not unheard of in economics; price stability and full employment are examples of other crucially important policy objective... ver más