Romania's public debts and their consequences upon the economy

Popa, Ionela and Codreanu, Diana and Albici, Mihaela (2010): Romania's public debts and their consequences upon the economy. Published in: Conference Proceedings 3, The 15-th International Conference the Knowledge-Based Organization (27. November 2009): pp. 140-143.

Abstract

In June 2009, Romania’s public debts rose by 12.6% more than late last year, that is up to 123.61 billion Lei (29.4 billion Euros), meaning 23.27% of the gross domestic product originally estimated for this year. Foreign loans are not a new phenomenon. Yet, in the current economic context, it is the consequences which might occur that bother most of us as a result of the (significant) increase of public debts. Concluding a loan agreement with the International Monetary Fund is « necessary evil » because it has both advantages and disadvantages. This paper aims at analyzing aspects regarding the benefits, direct and indirect costs, and social effects of such a loan.

• Item Type: MPRA Paper
• Language: English
• Keywords: public debts, elbows, benefits, economy
• Subjects: F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems; G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation; H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt; Debt Management; Sovereign Debt

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Talpos I., Dima B., Mutascu M., Enache C. - “An Empirical Analysis of the Budget Deficit”, Theoretical and applied economics, AGER, Bucuresti, pagina 22, 2007

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