IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2024i4p90-111.html
   My bibliography  Save this article

Fiscal Consolidation and Growth Effects of the EU Funding During 2021-2027 in Central and Eastern Europe

Author

Listed:
  • Iana Paliova

Abstract

The study examines fiscal consolidation and growth effects of the EU funding for the program period 2021-2027 in Bulgaria and other EU Member States from Central and Eastern Europe (CEE). It illustrates that gradual fiscal consolidation is implemented, but might be a challenge for some CEE countries, while the growth effects of the EU funding for 2012-2027 will depend on the level of substitution between EU and domestic funding of the EU-related projects. As a result, under the partnership agreements for 2021-2027 and the national recovery and resilience plans the CEE countries are expected to reduce gradually fiscal deficit and debt towards Maastricht criteria, and to increase their annual GDP growth above the baseline scenario between 1% and 4% of GDP, reaching cumulative growth from 9 to 24% of GDP by 2027.

Suggested Citation

  • Iana Paliova, 2024. "Fiscal Consolidation and Growth Effects of the EU Funding During 2021-2027 in Central and Eastern Europe," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 90-111.
    • Handle: RePEc:bas:econst:y:2024:i:4:p:90-111
    as

    Download full text from publisher

    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2024/2024-4/07_Iana%20Paliova.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • F15 - International Economics - - Trade - - - Economic Integration
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2024:i:4:p:90-111. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.