PUBLIC DEBT CRISIS AND THE "BLACK HOLES" FROM THE NATIONAL BUDGET OF ROMANIA - A LINEAR ANALYSIS
Journal Title: European Journal of Business and Social Sciences - Year 2012, Vol 1, Issue 3
Abstract
In the background of the global financial downturn the problem of public debt has accentuated in many states, the worst situation at EU level being recorded in Greece. The situation in Greece seriously affects all EU states, especially those in the euro area. Given these issues and the measures imposed by the international forums and the European ones, Romania must adopt measures to limit public spending those considered true “black holes†that drain public money. This article analyzes, using a linear regression model, which of the categories of public spending leads to deepening public debt of Romania. The cost of external borrowing is too high, therefore should allocate more money to sectors that increase investment and to economic recovery of our country. Unfortunately, this phenomenon, found in the literature and as the competition between states through public expenditure has direct repercussions in the social area (reducing public sector wages, is just one example of anti-social measures adopted by the authorities of our country). It is therefore necessary to determine which black holes Romanian budget system to limit the growth of borrowing and boost the national economy.
Authors and Affiliations
Trandafir Adina| Department of Management Financial Accounting, Spiru Haret University, Constanta, Romania
Keywords
Related Articles
- EP ID EP10130
- DOI -
- Views 592
- Downloads 24
IMPACT OF COST REDUCTION STRATEGIES ON PERFORMANCE OF TEA FACTORIES IN EMBU COUNTY, KENYA
Kenya’s overall economic and social development is highly dependent on the growth and development of the agriculture sector. Tea as a leading cash crop has made significant contribution to the economy. Tea exports...
INFLUENCE OF PROJECT MANAGEMENT PROCESSES ON PROJECT SUCCESS IN RWANDAN HEALTH SECTOR. A CASE STUDY OF SINGLE STREAM OF FUNDING FOR HIV/AIDS PROJECT
Project management is a strategic competency that enables entities to link project success to business goals. Global Fund is a public-private partnership and international financing institution dedicated to attracting...
ANALYSIS BASED ON WEB ANALYTICS: THE FOUR LEVELS OF INFORMATION
The tool of web analytics or web measurement is the name of the program that integrates various information about the navigation of users of a given site and presents that information in a relational format. This tool...
WORK PARTICIPATION AND ACADEMIC ACHIEVEMENT: THEORETICAL AND PRACTICAL IMPLICATIONS
The vast majority of the previous studies on the effect of student employment on GPA have treated student employment either as a homogeneous or heterogeneous experience. In this study, however, student employment is t...
EFFECT OF CHANGE ON PERFORMANCE OF LEARNING INSTITUTIONS IN KENYA: A CASE STUDY OF CO-OPERATIVE UNIVERSITY COLLEGE OF KENYA
Many middle level colleges are converting into constituent colleges and some constituent colleges are converting into public Universities as evidenced on increased registration. There has also been an escalation of pr...