Considerations under public debt with the current economic crisis

Ionel Eduard IONESCU, Cristian OPREA

Abstract


In current economic conditions, in full financial crisis, many world state governments looked for external funding to cover budgetary deficits, fact that led to explosive external debt of these states. The state must accomplish its objectives. For overtaking each economic, industrial, cultural, political, technical sector needs, needs financial resources; but not always the state internal financial resources cover entirely financial needs.

 Therefore, each state needs to apply for external or internal loans.

 

 


Keywords


public debt, external public debt, consolidated debt

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References


• Anghelache, Gabriela, Belean, Pavel, Romanian Public Finance, Economica Publishing House, Bucharest, 2003.

• Călin, Magdalena, Public Debt, Didactică şi Pedagogică Publishing House, Bucharest, 2006.

• Hoanta, Nicolae, Economy and Public Finance, Polirom Publishing House, Bucharest, 2000.

• Vacarel, Iulian and colab., Public Finance, 6th edition, Didactica si Pedagogica Publishing House, Bucharest, 2007.

• Marin Dinu, Mereuţă, Romanian Economy 1990-2000, Economica Publishing House, Bucharest, 2001.

• 313/2004 law regarding public debt.

• BNR’s annual reports 2001-2009.

• www.mfinante.ro.




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