|29th IBIMA Conference
3 - 4 May 2017
The Importance of Fiscal and Budgetary Responsibility in Romania and in Europe
Oana Valentina Cercelaru, Dragoș Diamescu and Raluca Antoneac (Calin)
There has been an increasing interest in the need for a culture of “fiscal and budgetary responsibility” over the last years, especially emphasised by the effects of the world financial and economic crisis. At the European Union level, the intention is to implement a solid and sustainable fiscal and budgetary policy. Given the importance of this topic, the study considered an analysis of the fiscal and budgetary strategy in Romania in the period 2016 - 2018, the public debt and the sustainability of the public debt in Romania, and a case study on the gap between the deficit and the increases of public debt, for the purpose of which data from 39 countries, EU member states and non-member states, from the period 1970 – 2015, were used.