Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017
Sustainability has become one of the most used terms in public finance assessment. This article treats the issue of sustainability of public finance in terms of social measures adopted in Romania during 2006-2017. In other words, indicators for public finance sustainability will not be calculated in...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2017-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | http://stec.univ-ovidius.ro/html/anale/RO/2017-2/Section%20V/34.pdf |
| _version_ | 1811231556270817280 |
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| author | Trandafir Adina |
| author_facet | Trandafir Adina |
| author_sort | Trandafir Adina |
| collection | DOAJ |
| description | Sustainability has become one of the most used terms in public finance assessment. This article treats the issue of sustainability of public finance in terms of social measures adopted in Romania during 2006-2017. In other words, indicators for public finance sustainability will not be calculated in this article, but will be measured the impact of population aging, expenditures with all social and health protection measures on total public debt and government debt. This study has started from the idea that public finance sustainability is, essentially, the ability of a government to sustain the long-term expenditures without increasing public debt. According to the results obtained from the econometric calculations, the increase of the public debt in Romania in the last 12 years is explained in the ratio of 9% by the increase in pension expenditures and 16.8% by the increase of the social security expenditures. In this case, more coherent fiscal, social and economic policy measures are needed in Romania. |
| first_indexed | 2024-04-12T10:46:56Z |
| format | Article |
| id | doaj.art-b084e8e9df404edeb756f2a82d3a39d6 |
| institution | Directory Open Access Journal |
| issn | 2393-3127 2393-3127 |
| language | English |
| last_indexed | 2024-04-12T10:46:56Z |
| publishDate | 2017-01-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-b084e8e9df404edeb756f2a82d3a39d62022-12-22T03:36:22ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272393-31272017-01-01XVII2676682Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017Trandafir Adina0“Spiru Haret” UniversitySustainability has become one of the most used terms in public finance assessment. This article treats the issue of sustainability of public finance in terms of social measures adopted in Romania during 2006-2017. In other words, indicators for public finance sustainability will not be calculated in this article, but will be measured the impact of population aging, expenditures with all social and health protection measures on total public debt and government debt. This study has started from the idea that public finance sustainability is, essentially, the ability of a government to sustain the long-term expenditures without increasing public debt. According to the results obtained from the econometric calculations, the increase of the public debt in Romania in the last 12 years is explained in the ratio of 9% by the increase in pension expenditures and 16.8% by the increase of the social security expenditures. In this case, more coherent fiscal, social and economic policy measures are needed in Romania.http://stec.univ-ovidius.ro/html/anale/RO/2017-2/Section%20V/34.pdfSustainabilityPublic FinanceFiscal PolicyPublic PensionsSocial Security |
| spellingShingle | Trandafir Adina Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017 Ovidius University Annals: Economic Sciences Series Sustainability Public Finance Fiscal Policy Public Pensions Social Security |
| title | Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017 |
| title_full | Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017 |
| title_fullStr | Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017 |
| title_full_unstemmed | Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017 |
| title_short | Affecting the Sustainability of Public Finances by the Social Measures Adopted in Romania between 2006 and 2017 |
| title_sort | affecting the sustainability of public finances by the social measures adopted in romania between 2006 and 2017 |
| topic | Sustainability Public Finance Fiscal Policy Public Pensions Social Security |
| url | http://stec.univ-ovidius.ro/html/anale/RO/2017-2/Section%20V/34.pdf |
| work_keys_str_mv | AT trandafiradina affectingthesustainabilityofpublicfinancesbythesocialmeasuresadoptedinromaniabetween2006and2017 |