Retrospective Analysis of Romania's Public Debt

Abstract

The public debt stock is an indicator of high interest at the macroeconomic level and regulated within the European Union by the Maastricht Treaty, which provides a level of public debt of at most 60% of GDP. Romania, as a member state of the EU, must fit this percentage. This article analyzes the evolution of public debt in our countryin terms of dynamics and structure for the period 2000-2018. The evolution of governmental and local public debt, as well as the service of governmental public debt and the differences between the public debt determined according to the EU methodology andthe one determined according to the national methodology is highlighted. Finally, we will draw some conclusions regarding the evolution of the public debt and its sustainability.

Keywords

• public debt
• government bonds
• public debt crisis