ELEMENTS OF ANALYSIS OF THE SUSTAINABILITY WITHIN THE AUDIT OF THE PUBLIC DEBT

TAVALA Florina-Maria, Lucian Blaga University of Sibiu

Abstract:
The overall objective of the audit of the public debt is to evaluate the administration and management of public debt by the Ministry of Public Finance through the analysis of its sustainability, as set by the guidelines on public debt management, reviewed, complied by the International Monetary Fund and World Bank in March 2014.  In this present work, analyzing the public debt indicators (evolution of public debt to GDP ratio - the most widely used indicator) have allowed me to have a first approach in terms of its sustainability. Other additional/related indicators (public debt/exports, external public debt/exports ratio) provide certain signals about the worsening of improvement of government's position, solvency risk and repayment capacity of the country. The impact of approaching this modern form of audit, the public debt audit, through the analysis of the public debt sustainability indicators, consists finally in giving recommendations, both at governmental level and at the Ministry of Public Finance level.

Keywords: sustainability, audit, public debt

JEL Classification: G18, H63

Volume: 69, Issue: 3

Pages: 133 - 146

Publication date: August, 2017

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/69314tavala.pdf

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