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FISCAL VULNERABILITY vs. FISCAL SUSTAINABILITY: THEORETICAL BACKGROUND

Author

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  • Andreea Stoian

    (Bucharest Academy of Economic Studies)

Abstract

The aim of this study is to present the theoretical background for the concepts of fiscal vulnerability and fiscal sustainability. The distinction between them is very thin and accounts for the time horizon. For assessing the state (vulnerable/sustainable) of fiscal policy, it can be used few indicators. Applying them for the case of European Union members, it was shown that Belgium and Italy confronts with a vulnerable fiscal policy. In such situation, it is imperative for the governments to take fiscal adjustment measures to avoid an unsustainable fiscal policy in the long run.

Suggested Citation

  • Andreea Stoian, 2011. "FISCAL VULNERABILITY vs. FISCAL SUSTAINABILITY: THEORETICAL BACKGROUND," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(5(558)(su), pages 541-547, July.
    • Handle: RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:541-547
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    Cited by:

    1. Laura Obreja Braşoveanu, 2012. "Correlation Between Government and Economic Growth - Specific Features for 10 Nms," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 2(5), pages 1-14, October.
    2. Gulasekaran Rajaguru & Safdar Ullah Khan & Habib-Ur Rahman, 2021. "Analysis of Australia’s Fiscal Vulnerability to Crisis," JRFM, MDPI, vol. 14(7), pages 1-13, June.
    3. Marilena Ciobănaşu & Mirela - Anca Postole, 2012. "Contribution of Taxes to the Making-Up of Budget Revenues in the Economic Growth," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 2(6), pages 1-12, December.

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