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Revista Tinerilor Economişti (The Young Economists Journal)million, as compared to 3 million as is currently, effects on long-term will be laborshortages and insufficient economic resources necessary to support elderly people.Despite increasing public debt, consider that Romania has achieved sustainedeconomic growth, because the loans used to cover deficits contracts especially not foreconomic development itself. Because a good part of contracted loans were carrying ofvariables interest, as their rate increases, the amounts due by Romania with this titlewere also increasing. To pay the debs and due rates, Romania was forced to contractnew loans. So, a significant part of public debt is a direct result of current refinance ofthe public debt from previous years.To the growth of public debt contributed also the committed mistakes inguiding economic policy and foreign financial. In some cases it’s about the utilizationof borrowed resources to finance unproductive or important objects of budget deficitsand achieve goals with a low economic efficiency and that exogenous factors haveplayed a crucial role in Romanian increasing debt and the international context providea favorable action of exogenous factors and print the borrowing problem of the publicadministration a pronounced political character.SUSTAINABILITY OF FISCAL POLICY IN TERMS OF GROWTH IN LIVING STANDARDSWhen we talk about policy coherence, we should consider a target againstwhich to evaluate. In our specific case, the major objective is the sustainableconvergence to EU average living standards. The analysis of living through the GDP /resident will lead us to conclusion that the level of living has increased in periods inwhich policies were rather consistent. For example, to analyze the comparison of livingstandards growth and structural budget deficits on economic growth during 2000-2008.Between 2000 and 2003 GDP / resident compared to EU-27 increased from26% to 31% which means an average advance of 1.67% per year, according toEurostat 17 statistics. This growth was achieved simultaneously with a reduction in thestructural budget deficit from 1.6% of GDP in 2000 to 1.2% of GDP in 2003.Based onthese data we conclude that it was a healthy growth in 2006, GDP / capita reaching to38% of the EU-27.Structural deficit in the same period increased on average by almostone percentage point per year, reaching 4.1% of GDP in 2006. In these circumstances,we believe that between 2004 and 2006 growth in living standards was accompanied byaccumulation of structural problems in public sector. Inconsistency is followed bylower living standards and the need for coherent policies to improve living standards.Structural problems have worsened in 2007-2008, when GDP / capita inRomania increased to 47% of the EU-27, an average of 5 percentage points per year,but in the context of severe damage to the structural budget deficit of 8.5 percent ofGDP in 2008.Let examine now in parallel, as we did above, the recession and fiscaladjustment measures and to analyze the implications for living standards and thestructural deficit. Only in 2009 GDP / capita expressed as a percentage of average EU-27 remained constant, however structural deficit was reduced with only 0.4 percentagepoints from 8.2% of GDP in 2008 to 7.8% of GDP .In other words, the recession led to17Eurostat - GDP per capita in purchasing power standard, available online athttp://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/20