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The Sustanability of Public Finance in New Members States of European Union

Transylvanian Review of Administrative Sciences

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Title The Sustanability of Public Finance in New Members States of European Union
 
Creator INCEU, Adrian; Associate Professor, Department of Finance and Banks, Faculty of Economic Sciences and Business Administration, Babeş-Bolyai University, Cluj-Napoca, Romania
MARA, Eugenia Ramona; Lecturer, Department of Finance and Banks,
Faculty of Economic Sciences and Business Administration, Babeş-Bolyai University, Cluj-Napoca, Romania
LUNGU, Anamaria; Graduate Student, Faculty of Economic Sciences and Business Administration, Babeş-Bolyai University, Cluj-Napoca, Romania
ZAI, Paul; Adjunct Professor, Department of Public Administration, Faculty of Political, Administrative and Communication Sciences, Babeş-Bolyai University, Cluj-Napoca, Romania
 
Subject sustainability, economic crisis, EU member states, public finances, public debt, public deficit
 
Description The issue of public finance sustainability is very important for all EU member states in the actual context after the economic crisis. This article makes an analysis of the sustainability of public finances for the new member states (which joined EU in 2004 and 2007). Firstly, we try to analyze the impact of the economic crisis on public finances sustainability. The sustainability of public finances can be reflected through the level of public debt and budget deficit for a country. For this reason the article presents the evolution of budget deficits for NMS 12 before and after the recent economic crisis. Based on the econometric regression the correlation between economic growth rate (indicator used for measuring the economic evolution) and the budget deficit is revealed. Results for Romania and NMS 12 are quite similar; fact that tells us that the status of public finances is following the same trend in Romania as in the NMS 12.
 
Publisher Babes Bolyai University
 
Contributor —
 
Date 2011-10-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://rtsa.ro/tras/index.php/tras/article/view/304
 
Source Transylvanian Review of Administrative Sciences; 2011: Issue No. 34 E/October; 127-136
18422845
 
Language eng
 
Relation http://rtsa.ro/tras/index.php/tras/article/view/304/297
 
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