scholarly journals Determinanty zmian deficytu budżetu państwa i długu publicznego w krajach Unii Europejskiej w 2010 roku

2012 ◽  
pp. 77-97
Author(s):  
Dariusz Malinowski
Keyword(s):  
Public Debt ◽  
Budget Deficit ◽  
The State ◽  
European Countries ◽  
Eastern European ◽  
State Budget ◽  
Member States ◽  
Eu Member States ◽  
Percentage Points ◽  
Eastern European Countries

The article contains an analysis of the budget deficit variability and public debt variation in the EU in 2010. Comparing the scale and economic determinants of changes in the state budget deficit and public debt in 2010 in the Central and Eastern European EU member states and in other EU countries we reach the following conclusions: 1) The average scale of the improvement of the economic result of the state budget as % of GDP was higher in the Central and Eastern Europe countries comparing to other EU member states. In the first group of countries, economic results improved on average by 1.1 percentage points, and in the other by 0.75 percentage points. 2) In most Central and Eastern European countries, as well as in most other EU countries the decline in budgetary expenditure, expressed in% of GDP was the only or major determinant of the reduction of the economic deficit of the state budget as % of GDP. Reduction of public spending in GDP was in turn the result of reducing the fiscal growth of nominal spending. In the Central and Eastern European countries in 2010, the nominal budget spending, decreased on average by 0.4%, while in 2009 increased on average by 16.1%. 3) In the rest of the EU average increase in public debt as % of GDP was higher than the average increase in public debt in the countries of Central and Eastern Europe. For the rest of the EU member states, public debt at the end of 2010 as % of GDP was by 4.65 percentage points higher than at the end of 2009, and for the Central and Eastern European countries by 4.14 percentage points higher. At the end of 2010 Central and Eastern European countries had significantly lower average level of public debt as % of GDP in comparison with other EU members states (38.9% of GDP and 74.8% of GDP). In most other EU countries there is virtually no limit for increasing the public debt, therefore there is no limit for a high budget deficit. Among Central and Eastern European EU member states only Hungary are in similar situation while Poland is close by. Therefore, most other EU countries and some countries of Central and Eastern Europe must immediately substantially reduce the scale of the economic deficit of the state budget. Countries where public debt is relatively low should not delay further restrictions of the state budget deficit as later on they will have to make this reduction under pressure of time. Above else, high economic deficit negatively impacts the economy, including economic growth. If EU member states fail to implement quickly the low economic state budget defi cit policy, they will plunge into economic recession that will last for many years.

scholarly journals Agriculture of central and eastern European countries in the European Union

2006 ◽  
Vol 53 (4) ◽  
pp. 457-470
Author(s):  
Srdjan Redzepagic
Keyword(s):  
European Union ◽  
Agricultural Policy ◽  
Common Agricultural Policy ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Eastern European Countries ◽  
The Eu

Agriculture posed considerable tensions for the processes of enlargement of the European Union, because of its continuing importance both in the economies of the applicant countries of Central and Eastern European countries which have joined EU on the 1st may 2004., and in the EU budget and acquits communautaire. The preparation of agriculture in the candidate countries to join the EU was rendered more complex by the fact that the Community's Common Agricultural Policy was a moving target. The aim of this paper is to show the bases elements of the Common Agricultural Policy, but also to provide a survey of recent developments relating to agriculture in the EU and new member states of the EU before their accession to EU and their preparation to access on the enlarged market, in order to indicate the main challenges and difficulties posed by enlargement. It seems likely that agricultural policy in the enlarged EU will attach increased priority to objectives such as rural development and the environment. However, these new priorities may be expensive to realize, and may impose a growing burden on the national budgets of EU member states.

Poczucie bezpieczeństwa zdrowotnego obywateli podczas pandemii COVID-19 w państwach Grupy Wyszehradzkiej

2021 ◽  
Vol 19 (1) ◽  
pp. 213-237
Author(s):  
Ewelina Kancik-Kołtun
Keyword(s):  
National Economy ◽  
Economic Security ◽  
The State ◽  
European Countries ◽  
Eastern European ◽  
Eastern European Countries

Economic security is nowadays one of the most important issues related to the functioning of the state. Most often identified with the ability to create mechanisms to advance the interests of the national economy, maintaining stability and favor development. Numerous measures make it possible to assess the level of safety in various ways. The potential of Central and Eastern European countries and the need for convergence create space for economic security.

scholarly journals COMPONENTS OF THE BUDGET SYSTEM OF UKRAINE AS FACTORS OF FINANCIAL AND ECONOMIC SECURITY

2020 ◽  
Vol 1 (3) ◽  
pp. 29-34
Author(s):  
Oleh Holovko ◽  
Lilia Solomonova
Keyword(s):  
Public Debt ◽  
Financial Stability ◽  
Budget Deficit ◽  
Economic Security ◽  
The State ◽  
State Budget ◽  
Decentralization Reform ◽  
State Pension ◽  
Practical Recommendations ◽  
Budget System

The purpose of this study is to analyze the components of the budget system of Ukraine as factors of financial and economic security to identify negative trends in the context of the implementation of decentralization reform. It is proved that the research of this direction should start with the analysis of the conceptual apparatus and structural relationships between categories. At the top level of the hierarchy there is the category of national security of Ukraine, which, according to current legislation, means the protection of state sovereignty, constitutional order and other national interests of the country from real and potential threats. The category of financial and economic security is also often used in the scientific literature. Given the above classification, in this case we are talking about the financial security of the country as a factor of economic security. Methodology. To stimulate economic development, the practice of modern budget regulation provides for the presence of a planned deficit, which is a source of local and public debt. Depending on the areas of its financing, there are domestic and foreign, local and national debts. The relationship between the above indicators determines the level of budget security of the country, which is one of the most important factors of financial stability was identified in the work. Results. It is proved that, according to the results of the analysis, practical recommendations on budget policy of Ukraine as a factor of financial and economic security should take into account the following steps: against the background of growing social burden on the budget, it is necessary to continue the redistribution of budget funds in favour of the regions, which will increase their level of financial autonomy and reduce the amount of transfer payments; pursue a strict restriction policy to prevent the growth of the state budget deficit and uncontrolled increase in debt; the problem of pension provision increases the burden on the state budget every year. It is necessary to take measures to create a cumulative system of state and non-state pension insurance. Practical implications. The practical consequences prove that in 2016 the public debt of the consolidated budget of Ukraine reached a record 81% of GDP. However, effective economic and budgetary policy allowed to reduce it in 2019 to 50.3%, which was positive. Moreover, the share of external debt was 29.2%. The high budget deficit in 2020 will lead to an increase in debt to 58.7% of GDP, which offsets the previous positive changes. It is determined that at the beginning and at the end of the study period the expenditures of the pension system of Ukraine have been equal to about 10% of GDP. At the same time, financing from own revenues has decreased from 8% to 6%, which is negative. The most critical situation became after 2013, when this indicator began to decline rapidly, increasing the burden on the state budget. Value/originality of the work is an analysis of the components of the budget system of Ukraine as factors of financial and economic security, which in contrast to the existing ones is based on the need for further implementation of decentralization reform and allows to develop practical recommendations for budget regulation.

The European Union's Future : A Preview of the Intergovernmental Conference of 1996

Res Publica ◽  
1996 ◽  
Vol 38 (1) ◽  
pp. 21-48
Author(s):  
Youri Devuyst
Keyword(s):  
Foreign Policy ◽  
Institutional Structure ◽  
European Countries ◽  
Institutional Framework ◽  
Policy Preferences ◽  
Eastern European ◽  
Member States ◽  
Eastern European Countries

During the Intergovernmental Conference (IGC) of1996, the European Union's institutional structure should be adapted, most notably in preparation for the Union's enlargement with the Central and Eastern European countries. The IGC's institutional debate will befar from easy. This is not surprizing since the institutional discussions during the IGC will reflect the grave substantive policy differences between the Member States on the Union's functions in the economy and on the Union's foreign policy role. The IGC is, indeed, largely a position game during which the Member States attempt to create a congenial institutional framework, favourable to their substantive policy preferences. 

Remarks by Walter Glass

1973 ◽  
Vol 67 (5) ◽  
pp. 194-198
Author(s):  
Walter Glass ◽  
Patricia O. Lawry
Keyword(s):  
Soviet Union ◽  
The State ◽  
European Countries ◽  
Eastern European ◽  
Export Policy ◽  
Legal Problems ◽  
The Soviet Union ◽  
Eastern European Countries ◽  
East West ◽  
The U.S

I shall discuss some of the practical legal problems we have encountered in our efforts to trade with the Soviet Union and the Eastern European countries. I should like to say at the outset that ever since I began to work in this field in 1964, the U.S. Government has been very helpful. Within the framework of congressional export policy, the Department of Commerce has always endeavored to make allowance for the needs of the American businessman. The State Department has also been helpful; I recall in particular a really first-rate briefing by our embassy in Bucharest when East-West trade was a very new subject.

On the Issue of Relations between the E.U. and Eastern European Countries

2009 ◽  
Vol 5 (1) ◽  
Author(s):  
Vytautas Radvilas
Keyword(s):  
The Other ◽  
European Countries ◽  
Practical Approach ◽  
Eastern European ◽  
Dominant Model ◽  
Recent Discussion ◽  
Member States ◽  
East Europe ◽  
Interaction Terms ◽  
Eastern European Countries

The aim of this article is to review and evaluate the condition and the development perspectives of the relations between the E.U. and its Eastern neighbors. The problem is analyzed in the context of the recent discussion on the “Broader Europe" concept. The current dominant model of the relations between the E.U. and Eastern European countries is described in the article using the “circular discourse" and “circular interaction" terms. This article is aimed to reveal the initial theoretical and geo/political preconditions that helped this model to become the dominant theoretical and practical approach in the field of E.U.–East Europe relations, to uncover the logics of its functioning and the implications of its realization to Lithuania and the other new E.U. member states.

scholarly journals General government deficit and public debt in EU member states

2011 ◽  
Vol 2 (4) ◽  
pp. 29-41
Author(s):  
Michał Wielechowski
Keyword(s):  
European Union ◽  
Public Debt ◽  
Budget Deficit ◽  
The European Union ◽  
Member States ◽  
Public Finances ◽  
Eu Member States ◽  
General Government ◽  
Government Deficit ◽  
The Eu

The aim of this article is the presentation and the attempt to analyse such phenomena as: an excessive general government deficit and public debt in EU Member States over the past 3 years. For the European Union the years 2008-2010 were the time when public finances of most member countries worsened dramatically. The average budget deficit in the EU increased during that period to a value of almost 7% compared to gross domestic product and public debt reached almost 80% of GDP. Referring the numbers to the principles of the budgetary policy in the Treaty on the European Union (the deficit should not exceed 3% in relation to GDP and public debt – 60% of GDP), the observance of budgetary discipline has been significantly violated. In consequence, the excessive deficit procedure has been initiated. in relation to almost all the countries of the EU, Its purpose was to force the member countries to take concrete actions to stabilize public finances. The economic crisis that began in the second half of 2007 in the United States of America which resulted in a significant deterioration of the finances of all the EU member countries might be regarded as the major source of violation of their budgetary discipline. The reactions of most governments TO the harmful effects caused by the financial crisis were to stimulate national economies and stem the decline of domestic demand. The higher level of public expenditures was simultaneously the cause of increased budget deficits,. To develop and present the problem of an excessive budget deficit and public debt in the EU countries some statistical methods were used and the data source statistics were mainly carried out by the European Commission and the European Statistical Office.

Uwarunkowania bezpieczeństwa ekonomicznego państw Europy Środkowej i Wschodniej

2021 ◽  
Vol 19 (1) ◽  
pp. 195-212
Author(s):  
Dorota Niedziółka
Keyword(s):  
National Economy ◽  
Economic Security ◽  
The State ◽  
European Countries ◽  
Eastern European ◽  
Eastern European Countries

Economic security is nowadays one of the most important issues related to the functioning of the state. Most often identified with the ability to create mechanisms to advance the interests of the national economy, maintaining stability and favor development. Numerous measures make it possible to assess the level of safety in various ways. The potential of Central and Eastern European countries and the need for convergence create space for economic security.

IMPERATIVES AND RISKS OF THE STATE BORROWINGS’ ACCUMULATION

2018 ◽  
Vol 2018 (6) ◽  
pp. 26-43
Author(s):  
Vasyl KUDRYASHOV ◽  
Keyword(s):  
Fiscal Policy ◽  
Public Debt ◽  
Budget Deficit ◽  
Peak Load ◽  
Banking System ◽  
The State ◽  
State Budget ◽  
State Sector ◽  
Budget Support ◽  
Analysis Of Dynamics

Analysis of dynamics of indicators of the state and the state-guaranteed debt in Ukraine in recent years is carried out and imperatives of the growth of public debt are determined. It is found out that its primary factors were the expansion of financing of the state budget for budget support of the state sector of economy, banking system, as well as the financing of the budget deficit. It is concluded that the solving of such tasks was carried out under conditions of aggravation of financial risks, namely: revenue mobilization, attraction of an additional resource for the purpose of financing the budget deficit and deficit-debt adjustment, under-fulfilment of privatization plans, admission of high inflation, as well as depreciation of the national currency. It is noted that the growth of public debt was due to an increase in the state borrowings, which were used to repay obligations, cover the costs of conducting the active operations and shift part of the borrowings of corporations and institutions to the state budget. The conduct of active operations was aimed at providing the financial support to the state banks and state institutions, DGF and capitalization of some private banks. Changes in the volume of the state borrowings are disclosed in terms of the ratio of their internal and external components. The reasons and consequences of growth of costs of deficit-debt adjustment (active operations within the framework of the state budget) are determined. Under conditions of non-fulfillment of revenue plans from privatization of the state property, such a policy will lead to aggravation of fiscal risks (retention of high indicators of the state borrowings and debt financing at the expense of the NBU and the state banks). The policy of state borrowings (in terms of internal and external components) turned out to be inconsistent: sharp changes were allowed in attracting the resource from internal and external sources, and the implementation of debt policy was marked by significant peak load on the state budget as well as their high profitability both in domestic and foreign markets. The volume of loan servicing continued to grow, which became a factor of increasing budget expenditures. Financing of borrowings using the resources of the NBU and the state-owned banks were reaching high rates. The author proposes the directions of fiscal policy aimed at restraining and restricting the state and the state-guaranteed debt by introducing changes to fiscal policy in Ukraine.

EFFECTS OF A PUBLIC DEBT AND DEFICIT BUDGET

2018 ◽  
Vol 8 (2) ◽  
pp. 140-144
Author(s):  
Daniel Szybowski
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Budget Deficit ◽  
Foreign Capital ◽  
The State ◽  
Financial Policy ◽  
Foreign Investments ◽  
State Budget ◽  
The Public ◽  
High Level

The aim of the article is to present a problem concerning the effects of the public debt and the budget deficit. The public debt is a result of the lack of adequate income earned by the financial sector, what means that it must incur liabilities to be able to carry out its tasks or improper management of the state budget funds - what results in the budget deficit. The size of the state's debt and the public debt has a very large impact on the socio-economic situa-tion of the country as well as on its financial policy. Due to the high indebtedness of the state, the whole economy is disturbed, the state authorities are not able to allocate an adequate amount of the funds to stimulate invest-ments. Such actions slow down the dynamics of economic development, what means that the state authorities most often look for savings. Unfortunately, this usually happens at the expense of the ordinary(?) citizens. Countries that have a high level of the debts tend to lose their credibility internationally. This may result in the fall in the foreign investments and the outflow of the foreign capital.

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