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The Budget Deficit – A Reflection of the General Economic Imbalance

Author

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  • Chiþiga Georgiana

    (Financial and Monetary Research Centre „Victor Slãvescu”, Bucharest, Romania)

Abstract

The budget deficit is a problem with modern states are faced in our times. It is not dangerous because of the disbalance between revenues and expenses, but because of the complexity of the elements that have caused it, as well as the economic and financial consequences it brings about. The efficient management of the budget deficit may also lead to fiscal relaxation, considering that there must be a correlation between the expenditures which sustain the public dept and the increase of the financial resources of the states in order to pay it.

Suggested Citation

  • Chiþiga Georgiana, 2013. "The Budget Deficit – A Reflection of the General Economic Imbalance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1156-1161, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1156-1161
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    More about this item

    Keywords

    economic deficit; budget deficit; financial management; implications of the budget deficit; public expenses;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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