THE SUSTAINABLE NATURE OF FISCAL AND BUDGETARY CONSOLIDATION FROM A LOGICAL AND INSTITUTIONAL PERSPECTIVE

DUTCAS, Monica Florica

doi:10.65672/jfme.2025.1.3

THE SUSTAINABLE NATURE OF FISCAL AND BUDGETARY CONSOLIDATION FROM A LOGICAL AND INSTITUTIONAL PERSPECTIVE

Authors

DUTCAS, Monica Florica — Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania

Landing page: https://www.icfm.ro/jfme.icfm.ro/articles/vol13i1p36-52.html

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DOI: 10.65672/jfme.2025.1.3

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Abstract

The article investigates the sustainability of fiscal consolidation from a dual perspective: logical-economic and institutional, with a focus on the interaction between fiscal adjustment strategies and the broader governance framework. The study goes beyond the restrictive accounting approach of consolidation, arguing that sustainability depends both on the logical coherence of fiscal policy design and on the institutional robustness of implementation mechanisms.

JEL Classification

E62, H60, H83

Keywords

fiscal consolidation and sustainability; institutional governance; fiscal policies; fiscal rules; European Union; Romania

How to cite

DUTCAS, Monica Florica (2025). THE SUSTAINABLE NATURE OF FISCAL AND BUDGETARY CONSOLIDATION FROM A LOGICAL AND INSTITUTIONAL PERSPECTIVE. Journal of Financial Management and Economics, 13(1), 36-52. DOI: 10.65672/jfme.2025.1.3.

RePEc record

Handle: Repec:vls:rojfme:v:13:y:2025:i:1:p:36-52