scholarly journals Determinants of Government Budget Deficit in the Economy of Iran Emphasizing the Economic and Political Economic Factors

2021 ◽  
Vol 26 (1) ◽  
pp. 5-32
Author(s):  
Alireza Saedi Sarkhanlou ◽  
◽  
Hassan Dargahi ◽  
Keyword(s):  
Budget Deficit ◽  
Economic Factors ◽  
Government Budget ◽  
Political Economic ◽  
Government Budget Deficit

Fiscal Deficit and Economic Growth in Bangladesh

2016 ◽  
Vol 62 (1) ◽  
pp. 31-42 ◽  
Author(s):  
Ebney Ayaj Rana ◽  
Abu N. M. Wahid
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Negative Impact ◽  
Political Stability ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Government Budget ◽  
The Government ◽  
The Impact ◽  
Government Budget Deficit

The economy of Bangladesh is currently going through a period of continuous budget deficit. The present data suggest that the government budget deficit, on average, is nearly 5% of the country’s GDP. This has been true since the early 2000s. To finance this deficit, governments have been borrowing largely from domestic and foreign sources resulting in inflationary pressure on one hand, and crowding out of private investments on the other. During the same period, although the economy has grown steadily at a rate of more than 6%, this growth is less than the potential. This article presents an econometric study of the impact of government budget deficits on the economic growth of Bangladesh. We conduct a time-series analysis using ordinary least squares estimation, vector error correction model, and granger causality test. The findings suggest that the government budget deficit has statistically significant negative impact on economic growth in Bangladesh. Policy implications of our findings include reestablishing the rule of law, political stability in the country, restructuring tax structure, closing tax loopholes, and harmonizing fiscal policy with monetary policy to attract additional domestic and foreign investment.

Chapter II. The World Economy

1990 ◽  
Vol 134 ◽  
pp. 22-43 ◽  
Author(s):  
R.J. Barrell ◽  
Andrew Gurney ◽  
Stephen Dulake
Keyword(s):  
World Economy ◽  
Budget Deficit ◽  
The United States ◽  
Government Budget ◽  
Short Term ◽  
Political Union ◽  
The Us ◽  
The World ◽  
Gatt Round ◽  
Government Budget Deficit

Our last forecast, which was published in August, was moderately optimistic about prospects for the world economy, and especially for the United States. Since the summer the Yen has risen strongly, the US has begun to look like it is facing a recession, and it is now clear that the united Germany will face a very large Government budget deficit after monetary and political union. Meanwhile prospects for war in the Gulf remain high, and although EC farm ministers have managed to agree amongst themselves about cuts in agricultural subsidies it is not clear that these cuts are large enough either to prevent the GATT round stalling or stop the US erecting trade barriers in retaliation. As a result of all these factors our forecast is hedged around with rather more uncertainties than usual. Table 1 sets out our short-term forecast. We assume that oil prices will peak at $35 pb in the last quarter of 1990, and will then fall to $28 pb by the end of 1991.

The Irrelevance of Political Party Differences for Public Finances – Evidence from Public Deficit and Debt in Portugal (1974–2012)

2017 ◽  
Vol 25 (4) ◽  
pp. 560-587 ◽  
Author(s):  
André Corrêa D’almeida ◽  
Paulo Reis Mourao
Keyword(s):  
Political Parties ◽  
Budget Deficit ◽  
Government Budget ◽  
Public Finances ◽  
The Public ◽  
Public Deficit ◽  
Party Differences ◽  
Using Data ◽  
Political Differences ◽  
Government Budget Deficit

This paper attempts to empirically test whether inter-party political differences impact public finances in Portugal differently. Focused on public debt and on government budget deficit, and using data since 1974 for several variables, this paper applies econometric modelling to show that inter-party differences have had, until now, no significant impacts on the public finances’ performance in Portugal. In this context, this paper aims at dispelling some myths regarding the ‘value’ of a policy process based on political intrigue, enmity and a discourse of confrontation around differentiated political parties’ merits in modern democracies.

scholarly journals Analyzing the Effects of Globalization on the Government Budget Deficit: The Matching Approach

2019 ◽  
Vol 10 (1) ◽  
pp. 65-96
Author(s):  
Seyed Komeil Tayebi ◽  
Alireza Kamalian ◽  
Ali Sarkhosh Sara ◽  
Mostafa Mobini Dehkordi
Keyword(s):  
Budget Deficit ◽  
Government Budget ◽  
The Government ◽  
Government Budget Deficit

scholarly journals THE EFFECT OF MACROECONOMIC VARIABLES ON FISCAL SUSTAINABILITY IN INDONESIA, PERIOD 2004Q1-2018Q4

2020 ◽  
Vol 1 (2) ◽  
pp. 61
Author(s):  
Muhammad Latif Abdullah ◽  
FNU Sunaryati
Keyword(s):  
Budget Deficit ◽  
Foreign Debt ◽  
Fiscal Sustainability ◽  
Series Data ◽  
Government Budget ◽  
Macroeconomic Variables ◽  
Domestic Debt ◽  
The Government ◽  
The Impact ◽  
Government Budget Deficit

Abstract Fiscal sustainability illustrates the condition of a healthy government budget which can finance government spending without increasing debt supply. The purpose of this study is to analyze the impact of macroeconomic variables on fiscal sustainability which in this study fiscal sustainability is proxied as a government budget deficit. The data used in this study is the 2004Q1-2018Q4 time series data using the Vector Error Correction Model (VECM). The results showed that fiscal conditions in Indonesia are sustainable and macroeconomic variables such as domestic debt andinflation has a positive effect on increasing the government budget deficit. Whereas the variable state revenues and foreign debt negatively affect the government budget deficit.Keywords : Fiscal Sustainability, Government Budget Deficit, Domestic Debt, Foreign Debt.

scholarly journals Sustainable Government Debt: The Case Of Poland

2014 ◽  
Vol 13 (6) ◽  
pp. 1383
Author(s):  
Gorm Jacobsen
Keyword(s):  
Economic Growth ◽  
Financial Crises ◽  
Budget Deficit ◽  
Government Debt ◽  
Budget Deficits ◽  
Theoretical Discussion ◽  
Government Budget ◽  
Debt Problem ◽  
The Future ◽  
Government Budget Deficit

Due to government budget deficits in many countries for decades, government debt has become a big problem for some of these countries. This problem accelerated further after the financial crises starting at the end of 2008, a crisis that led to a low and even negative economic growth for many countries. The first part of this article gives a standard theoretical discussion of what could be meant by sustainable government debt. At the end, there is an illustration with some figures for Poland where the conclusion seems to prove the need for a reduced government budget deficit to avoid a serious government debt problem in the future.

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