CORRELATION BETWEEN THE PUBLIC SECTOR’S PERFORMANCE AND THE SOVEREIGN DEBT, IN THE CONTEXT OF THE CURRENT ECONOMIC CRISIS

The current economical situation determined by the effects of the crisis is causing the governments of the countries worldwide to streamline their processes in terms of collecting revenue from the state budget and then redistributing them on the principle of performance and economical efficiency. In this respect, we have studied the public sector performance through a scoring function, and especially the correlation that exists between the EU Member States public sector performance and budgetary outcome, the budgetary surplus or deficit.