Romania's balance of payments in the European context

The course of the Romanian economy from the transition from a centralized economy to a market economy is characterized by permanent imbalances (external - trade deficit, current account deficit, internal budget deficit) with their emphasis in recent years. These external imbalances can have negative effects on the evolution of the economy as a whole, but also implicitly on the socio-political climate of the country. The paper aims to analyze the level of certain economic indicators between the countries of the European Union, in recent years, namely the components of the balance of payments, the level of budgetary revenues and expenditures reported to the gross domestic product, the budget balance, the public debt, in order to find the correlations between these and the external imbalances in the case of Romania, and to be able to formulate solutions to reduce them in the coming years.