Next Article in Journal
When Teacher Becomes Student: Unveiling Contradictions within Australian Social Work Education
Previous Article in Journal
Women in Higher Education Management: Agents for Cultural and Structural Change?
Previous Article in Special Issue
Joint Value as a Measure of Sea Trade Port Stakeholder Effect
Open AccessArticle

Debt and Deficit Growth Rate Reporting for Post-Communist European Union Member States

1
Department of Economic Policy, Faculty of Economics, University of Gdansk, 80309 Gdansk, Poland
2
Polo Centre of Sustainability, 18100 Imperia, Italy
3
Faculty of Economics, University of Gdansk, 80309 Gdansk, Poland
*
Authors to whom correspondence should be addressed.
Soc. Sci. 2019, 8(6), 173; https://doi.org/10.3390/socsci8060173
Received: 30 April 2019 / Revised: 3 June 2019 / Accepted: 4 June 2019 / Published: 5 June 2019
A focalized analysis and reporting on the problems of general government debt (GGD) and government deficit (GD) and their influencing factors on economic growth rate tell the story of positive, neutral, and negative economies. Research was conducted over a nineteen-year period between 2000 and 2018 on all eleven post-communist European Union Member States (MS). MSs are divided in to three regional blocks: (1) the Baltic countries, (2) Central and Eastern European countries, and (3) the Balkan countries. Reviewed literature examined different types of GGD and GD with denoted influence on each MS’s economy and government. GGD and GD increase as a result of State intervention by reacting to economic fluctuations needed in creating redistributive-related fiscal policy. A breakdown of the problems of fiscal policy is explained. Datasets were compiled and systematically analyzed using Eurostat indicators. European regulatory benchmarking was used for GGD and GD as a percentage of gross domestic product. Results were divided at the regional group level. Comparative tax systems based on total general government revenue as well as total tax and contribution rate were evaluated. Histo-geographical research was considered and a comparative examination of GGD, GD and growth rate illustrated. In terms of GGD, GD, and growth rate, the Baltic countries were best situated, while all other countries were generally stable—with the exception of Hungary, Croatia, and Slovenia. In all, negative or stagnant periods revealed a general positive trend throughout the study with the exception of the world financial crisis of 2008, in which a deteriorative impact on growth rate was evident in all MS—especially from 2009. In the latter years, MSs’ economic promise signals a high potential for renewed public finance and stability initiatives. View Full-Text
Keywords: general government debt; government deficit; economic growth rate; post-communist EU countries general government debt; government deficit; economic growth rate; post-communist EU countries
Show Figures

Figure 1

MDPI and ACS Style

Paczoski, A.; Abebe, S.T.; Cirella, G.T. Debt and Deficit Growth Rate Reporting for Post-Communist European Union Member States. Soc. Sci. 2019, 8, 173.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop