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Study on the Impact of Public Debt and Budgetary Deficit on Fiscal Pressure in the European Union

Author

Listed:
  • Georgeta VINTILA

    (Academy of Economic Studies, Bucharest)

  • Laura TIBULCA

    (Academy of Economic Studies, Bucharest)

Abstract

Fiscal convergence has always represented one of the objectives of decision factors from EU member states. An important step in this direction was recently made, through signing of the Fiscal Stability pact by 25 member states. Thus, clear limitations were established for the budget deficit, which signing states engaged to respect. This study shows the mreasure in which budget deficit and public debt influence the fiscal pressure, at the overall level of the EU. During a period in which more states of the EU try to keep the budget deficit under the most strict possible control, we do consider that this study ist o be welcomed.

Suggested Citation

  • Georgeta VINTILA & Laura TIBULCA, 2012. "Study on the Impact of Public Debt and Budgetary Deficit on Fiscal Pressure in the European Union," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(2), pages 312-318, May.
  • Handle: RePEc:rsr:supplm:v:60:y:2012:i:2:p:312-318
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    More about this item

    Keywords

    fiscal pressure; budget deficit; government debt;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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