The study aims to systematize the results presented in the literature on fiscal stability, and fiscal sustainability issue. Based on these results, the authors determined a number of relevant indicators for the quality of public finances, for Romania: a) fiscal stance, b) fiscal impulse, c) sustainable tax rate, d) sustainable rate of budgetary expenditure; e) gap of sustainable tax; f) gap of sustainable budgetary spending. These indicators are then analyzed for their significance in terms of fiscal sustainability in Romania, during 2001-2009.