CONSIDERATIONS ON THE IMPACT OF THE BUDGET DEFICIT ON THE ECONOMY OF ROMANIA

Abstract

The budget deficit has become a typical phenomenon of the contemporary world. In Romania, as well as in other developing or developed countries, this topic is one of the most difficult issues the economic policy is facing with. Debate on how to address deficits has become a major economic and political issue, both in Romania and in other countries. The present study aims to analyze the budget deficit in Romania as well as the implications of the budget deficit in the economy.