Abstract
Public debt has become an omnipresent reality of modern economies, regardless of their type, structure or
level of development. Considered by theory as an instrument with strong influences on economic, and implicitly social,
processes, public debt can generate benefits or costs at the macro and micro levels, the difference being determined
only by the particularities and quality of its management policy. The indicators regarding the country's degree of
indebtedness at a given time are those that transmit a first signal regarding a country's financial capacity. Their high
values indicate present and future risks. The financial effort required by public debt allows for the formulation of other
conclusions about a state's development prospects. The greater the annual effort to cover the debt and its costs, the
more the current quality of public services for the population is affected. The structure of public debt helps to formulate
conclusions about its role in creating added value domestically or about its export abroad. Following these lines of
analysis, we aim to determine the present and future influences of public debt on Romania's economic development.
level of development. Considered by theory as an instrument with strong influences on economic, and implicitly social,
processes, public debt can generate benefits or costs at the macro and micro levels, the difference being determined
only by the particularities and quality of its management policy. The indicators regarding the country's degree of
indebtedness at a given time are those that transmit a first signal regarding a country's financial capacity. Their high
values indicate present and future risks. The financial effort required by public debt allows for the formulation of other
conclusions about a state's development prospects. The greater the annual effort to cover the debt and its costs, the
more the current quality of public services for the population is affected. The structure of public debt helps to formulate
conclusions about its role in creating added value domestically or about its export abroad. Following these lines of
analysis, we aim to determine the present and future influences of public debt on Romania's economic development.
Cuvinte cheie
resource requirement
loan
public debt
public debt service
capital expenditure
current expenditure
Istoric articol
Publicat
26.06.2026
Informații autori
Citare recomandată
VASILE NICOLAE POPEANGĂ (2026). EVOLUTION OF PUBLIC DEBT IN ROMANIA AFTER 2020. Constantin Brâncuși University of Târgu Jiu Economics Series, 1(3), 210–214. https://doi.org/10.65631/jes.3.2026.18
Referințe bibliografice
[1] Văcărel Iulian and others – Public Finance, Didactic and Pedagogical Publishing House, Bucharest, 2007, page 94
[2] Văcărel Iulian and others – Public Finance, Didactic and Pedagogical Publishing House, Bucharest, 2007, page 195
[3] Explanatory Dictionary of the Romanian Language, 2016 edition
[4] Fiscal-Budgetary Responsibility Law no. 69/2010, article 3, point 4
[5] See in this regard: Văcărel Iulian and others – Public Finance, Didactic and Pedagogical Publishing House, Bucharest, 2007; Moșteanu Tatiana and others – Public Budget and Treasury, University Publishing House, Bucharest, 2004; Belean Pavel -, Public Budget and Public Treasury in Romania, Economic Publishing House, Bucharest, 2007
[6] Fiscal-Budgetary Responsibility Law no. 69/2010, article 9
[7] Fiscal Responsibility Law no. 69/2010, article 5, paragraph (2) letter c)
[8] Investment expenditure includes capital expenditure, as well as those related to
development programs financed from domestic and foreign sources
[9] Badea Leonardo - "Why Romania can no longer afford the luxury of growth without reform", opinion article for HotNews, 19.05.2026