The Evolution of Public Debt of Romania in the Context of the Covid-19 Crisis
Real GDP growth in 2020 could be negative, following the outbreak of COVID-19, and the adoption of economic measures by all European Union countries are key actions to mitigate these negative repercussions on the economy. In the exceptional circumstances created by the COVID-19 outbreak, companies o...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2020-06-01
|
| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_8_no_1/geo_2020_vol8_no1_art_008.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849769961907552256 |
|---|---|
| author | NICOLETA GEORGETA PANAIT COSTIN ALEXANDRU PANAIT |
| author_facet | NICOLETA GEORGETA PANAIT COSTIN ALEXANDRU PANAIT |
| author_sort | NICOLETA GEORGETA PANAIT |
| collection | DOAJ |
| description | Real GDP growth in 2020 could be negative, following the outbreak of COVID-19, and the adoption of economic measures by all European Union countries are key actions to mitigate these negative repercussions on the economy. In the exceptional circumstances created by the COVID-19 outbreak, companies of all types may face a severe lack of liquidity. Also, insolvent or less solvent companies may face a sudden lack or even unavailability of liquidity. This is especially true for SMEs, which in the short and medium term can seriously affect the economic situation of many healthy businesses and the situation of their employees, with possible consequences even in the long term, endangering their survival. External debt is a solution to supplement the resources to support the economy, even contributing to raising living standards. External loans can also be used to finance the balance of external payments, ensuring economic growth of the country under the conditions of their efficient use in parallel with an increase in exports. Inefficient use of external borrowing can lead to a restriction on access to external market financing. |
| format | Article |
| id | doaj-art-2bfacc7d616e45c68626b44d5259bbc4 |
| institution | DOAJ |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2020-06-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-2bfacc7d616e45c68626b44d5259bbc42025-08-20T03:03:12ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502020-06-01815256The Evolution of Public Debt of Romania in the Context of the Covid-19 CrisisNICOLETA GEORGETA PANAIT0COSTIN ALEXANDRU PANAIT1PhD, Lecturer, Faculty of Economics and Business Administration „Nicolae Titulescu” University of Bucharest ROMANIA, nico.panait@gmail.comPh.D,, Faculty of Economics and Business Administration, University of Craiova ROMANIA, costin.panait@gmail.comReal GDP growth in 2020 could be negative, following the outbreak of COVID-19, and the adoption of economic measures by all European Union countries are key actions to mitigate these negative repercussions on the economy. In the exceptional circumstances created by the COVID-19 outbreak, companies of all types may face a severe lack of liquidity. Also, insolvent or less solvent companies may face a sudden lack or even unavailability of liquidity. This is especially true for SMEs, which in the short and medium term can seriously affect the economic situation of many healthy businesses and the situation of their employees, with possible consequences even in the long term, endangering their survival. External debt is a solution to supplement the resources to support the economy, even contributing to raising living standards. External loans can also be used to finance the balance of external payments, ensuring economic growth of the country under the conditions of their efficient use in parallel with an increase in exports. Inefficient use of external borrowing can lead to a restriction on access to external market financing.http://www.globeco.ro/wp-content/uploads/vol/split/vol_8_no_1/geo_2020_vol8_no1_art_008.pdfcovid 19public debtbudget deficiteconomic growthexternal debt |
| spellingShingle | NICOLETA GEORGETA PANAIT COSTIN ALEXANDRU PANAIT The Evolution of Public Debt of Romania in the Context of the Covid-19 Crisis Global Economic Observer covid 19 public debt budget deficit economic growth external debt |
| title | The Evolution of Public Debt of Romania in the Context of the Covid-19 Crisis |
| title_full | The Evolution of Public Debt of Romania in the Context of the Covid-19 Crisis |
| title_fullStr | The Evolution of Public Debt of Romania in the Context of the Covid-19 Crisis |
| title_full_unstemmed | The Evolution of Public Debt of Romania in the Context of the Covid-19 Crisis |
| title_short | The Evolution of Public Debt of Romania in the Context of the Covid-19 Crisis |
| title_sort | evolution of public debt of romania in the context of the covid 19 crisis |
| topic | covid 19 public debt budget deficit economic growth external debt |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_8_no_1/geo_2020_vol8_no1_art_008.pdf |
| work_keys_str_mv | AT nicoletageorgetapanait theevolutionofpublicdebtofromaniainthecontextofthecovid19crisis AT costinalexandrupanait theevolutionofpublicdebtofromaniainthecontextofthecovid19crisis AT nicoletageorgetapanait evolutionofpublicdebtofromaniainthecontextofthecovid19crisis AT costinalexandrupanait evolutionofpublicdebtofromaniainthecontextofthecovid19crisis |