{"id":9070,"date":"2025-07-06T15:44:20","date_gmt":"2025-07-06T15:44:20","guid":{"rendered":"https:\/\/manager.faa.ro\/?p=9070"},"modified":"2025-07-09T06:00:00","modified_gmt":"2025-07-09T06:00:00","slug":"determinants-of-materialism-among-the-youth-in-romania-2","status":"publish","type":"post","link":"https:\/\/manager.faa.ro\/?p=9070","title":{"rendered":"Fiscal Challenges in Public Debt Management \u2013 a Romanian Perspective"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9070\" class=\"elementor elementor-9070\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-40d09dc8 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"40d09dc8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-20109c86\" data-id=\"20109c86\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5e31265e elementor-widget elementor-widget-text-editor\" data-id=\"5e31265e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0<span style=\"color: var(--c-contrast-800); font-size: 16.604px;\">Pages: 64-80<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b850c79 elementor-widget elementor-widget-text-editor\" data-id=\"3b850c79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Introduction<\/strong>. The economic shocks triggered by the outbreak and spread of the COVID \u2013 19 pandemic prompted national governments to implement a series of large \u2013 scale expansionary fiscal measures to counteract the negative effects recorded globally on economic activity. This article aims to analyse the dynamics of fiscal and budgetary policies at the national level in Romania, as well as at the European and global levels, with a particular focus on the evolution of public debt and budget deficits, in the context of economic policies adopted in response to the health crisis. Accordingly, the study seeks to assess the effectiveness and sustainability of fiscal and budgetary measures adopted by national governments, through the lens of relevant macroeconomic indicators and the institutional constraints imposed by both national and European frameworks.<\/p>\n<p><strong>Aim of the study<\/strong>. In the case of Romania, the results of the analysis highlight a significant deterioration in fiscal balances, reflected in a sharp increase in public debt, both in absolute and relative terms, accompanied by a persistent high level of the budget deficit and current account deficit. In this context, the article examines the risks associated with Romania\u2019s current fiscal trajectory, as well as the implications for financial stability and fiscal discipline in the medium and long term. The article concludes with a series of policy recommendations aimed at fiscal consolidation and the alignment of Romania with the objectives of the European Union\u2019s Stability and Growth Pact.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4461c28a elementor-align-center elementor-widget elementor-widget-button\" data-id=\"4461c28a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/manager.faa.ro\/wp-content\/uploads\/2025\/07\/41m_64_80.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Full text sources<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\u00a0Pages: 64-80 Introduction. The economic shocks triggered by the outbreak and spread of the COVID \u2013 19 pandemic prompted national governments to implement a series of large \u2013 scale expansionary fiscal measures to counteract the negative effects recorded globally on economic activity. This article aims to analyse the dynamics of fiscal and budgetary policies at<\/p>\n","protected":false},"author":354,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1778,1779],"tags":[1804,1803,1801,1802],"coauthors":[1793,1719],"class_list":{"0":"post-9070","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-1778","7":"category-2025-vol-41-issue-1-may","8":"tag-fiscal-consolidation","9":"tag-fiscal-deficit","10":"tag-public-budget","11":"tag-public-debt-management","12":"jel-h30","13":"jel-h61","14":"jel-h62","15":"jel-h63"},"_links":{"self":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts\/9070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/users\/354"}],"replies":[{"embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9070"}],"version-history":[{"count":8,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts\/9070\/revisions"}],"predecessor-version":[{"id":9081,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=\/wp\/v2\/posts\/9070\/revisions\/9081"}],"wp:attachment":[{"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9070"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/manager.faa.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcoauthors&post=9070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}