AN ASSESSMENT OF FISCAL SUSTAINABILITY IN ROMANIA.

The paper aims to discuss the concept of fiscal sustainability, in the framework of the general sustainability property of a system. To this end, after some theoretical preliminaries, a set of algebraic formalizations is provided in order to capture the concept of fiscal sustainability from a methodological perspective. Some criteria and macroeconomic indicators are proposed and examined for measuring the state and the dynamics of fiscal sustainability. Then, the formal acquisitions are used empirically to assess the state of fiscal sustainability in Romania. Finally, some considerations regarding our own proposals are made, while also including some methodological precautions. [ABSTRACT FROM AUTHOR]