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THE IMPACT OF THE ECONOMIC SHOCKS ON THE CENTRAL GOVERNMENT DEBT SUSTAINABILITY OF THE REPUBLIC OF MOLDOVA
Authors: Marcel OLARI
Number of views: 389
Nowadays, in the rapid process of economic
development, where the continuous
progress of innovation and knowledge goes
beyond any set limits, governments are involved
in a hybrid war of gaining competitive
advantages, successes that ultimately enable
the improvement of the minimum standard of
living, creating more jobs, developing infrastructure,
etc. For these purposes, the governments
mostly carry out expenditures that
exceed income, so, missing resources are lent
from borrowers or purchased from financial
markets. To know the vulnerabilities and dangers
that persist on the state debt sustainability
of the Republic of Moldova gives the government
the opportunity to act and make certain
decisions in order to improve the system of
public finances, to promote sustainable financial
policies and, ultimately, to develop the
economy of the country.