Analysis of Budget deficit in Romania during 2000-2013
Ovidius University Annals, Economic Sciences Series,
potential GDP, fiscal policy, output gap, structural budget deficit, cyclic budget deficit
Worldwide, over time, the years of economic crisis were defined by significant increases in the levels of budget deficits. Discussions on sizing budget deficits, financing, especially the volume of public debt became more intense, both politically and academically. The impact of budget deficit on economic growth is a common theme found in the economic policies adopted. The present paper aims to analyze the evolution of budget deficit and the structural budget deficit in Romania during 2000-2012. Study and identify levers and budget deficit reduction policies are of great importance, especially in our country where the values achieved by this indicator in recent years are alarming..