Following the financial crisis, the budget deficits and public debt have recorded levels that no one would have considered a few years ago. Therefore, efforts are needed to achieve fiscal consolidation. Both in academic debates and policy many believe that fiscal rules should be the central...

The paper aims to emphasize the approaches of public finance sustainability in the new context created as a result of the fiscal pressures exhibited worldwide, both in advanced and emerging economies. The analysis highlights the need to address public debt sustainability both in terms of...