MODALITIES OF LOCAL DEBT ANALYSIS IN THE NORTH-WEST REGION OF ROMANIA

Abstract

Public debt is a topic of great interest problem tracked over the years and has worsened with the outbreak of the second wave of financial crisis around the world, namely the sovereign debt crisis. After BREXIT the EU must urgently adopt uniform tax measures to prevent a new crisis of sovereign debt in countries like Greece, Italy, Spain, Portugal, and for the meeting the Maastricht criteria on public debt. UE countries have to adopting a pro - active stance by continuing fiscal consolidation measures. That is why in this paper the authors present an analysis of local public debt based on a correlated system of indicators.

Keywords

• public debt
• repayment capacity
• debt service ratio