Acta Universitatis Danubius. Œconomica, Vol. 10, No. 6

Abstract

The foreign debt is a solution for supplementing the internal savings. The objectives of the
article2 are to analyze the evolution of Romania’s medium and long-term foreign debt and of its
components between 2005 and 2013, as well as the structure by creditors of the medium and long
term Romanian public foreign debt, to highlight some of the causes that explain its evolution and
structure and to show if Romania’s foreign debt is sustainable, using comparative analyses,
qualitative and quantitative evaluations, interpretations and correlations. The results of the analysis
show that 2009 has represented a turning point in the evolution of the Romanian foreign debt on the
medium and long term and its components. Also, although the values of the analyzed external debt
indicators still show a good payback and indebtedness capacity of our country, a complex and
coherent reimbursement strategy must be developed in agreement with the progress of the economic
reform. An indebtedness strategy should also be drawn up, taking into consideration an optimal ratio
between the different maturities of foreign debt, in order to avoid payback peaks.