FISCAL POLICY SUSTAINABILITY IN ROMANIA

                                     Ioan Talpoş, Professor PhD.
                                     West University of Timisoara
                                       ioan.talpos@feea.uvt.ro

                              Cosmin Enache, Lecturer PhD Candidate
                                   West University of Timisoara
                                    cosmin.enache@feaa.uvt.ro


ABSTRACT: The paper is focused on aspects regarding fiscal policy sustainability in
Romania. Analyzing the theoretical foundations of fiscal policy sustainability it could be
identified a methodology for econometric tests to be carried out and to put forward de facto
public debt long-run situation at the country level. In this direction, we carried out
stationarity tests for the stock of the gross public debt and cointegration tests for the public
revenues end public expenditures flows for the case of Romania.

Keywords: fiscal policy, sustainability, stationarity tests, cointegration tests

JEL codes: H20, H63, C22, C32