| Summary: | Without any prior training, the world was taken by surprise by the dramatic effects of a global virus
response - COVID-19. In addition to the insurmountable human losses, the financial losses are still accounted
for, especially as things are still going on. The pandemic has shown that many problems ignored in the past are
related to the inability to transition or the slow transition to sustainable development. Debt has been, and will
always be, a key issue at the global, regional and national levels. Globally, if before the Covid-19 pandemic the
public debt levels and prospects were not satisfactory, with the onset of the pandemic, the debt indicators
practically exploded, fervently imposing the need for a paradigm shift regarding fiscal-budgetary sustainability.
Therefore, this article analyzes econometrically at EU27 countries level the concept of sustainability, starting
from the IMF methodology and re-establishing it in its own way, so as to analyze the influence also of official
development assistance, indicator that reveals to a certain extent the financing for sustainable development. The
results confirm some conclusions of the literature but also offer new directions to be explored regarding the
repositioning of the concept of public debt sustainability.
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