As it comes out from our study, Romania’s public indebtedness increased to around 40% of GDP being already
situated at the highest ceiling of sustainability level in the particular case of our country, some of the indicators
revealing even an exceeding of the warning benchmarks. We think that the main factor of macroeconomic and
financial recovery is represented by achieving a primary balance surplus as a prerequisite of the debt burden
reduction, as well as of its costs. As for the fiscal consolidation, in our opinion, among the factors of public finances
sustainability are: