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General Government Debt and Budget Deficit as Threats to Economic Security of the European Union Countries

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  • Górniewicz Grzegorz

    (WSB University in Gdańsk, al. Grunwaldzka 238A, 80-266Gdańsk, (58) 522 75 00)

Abstract

The aim of the article is to present budget deficit and government debt in the European Union member states, with particular consideration of the countries that belong to the PIIGS group. This paper has focused on the scale of these phenomena, on their reasons and on some attempts made to improve the unfavourable situation. In the main thesis presented in the article, it is stated that budget deficit and general government debt come as significant threats to economic security of the European Union (EU) countries. The research methods that have been applied in the study involve descriptive analysis and statistical data analysis.

Suggested Citation

  • Górniewicz Grzegorz, 2019. "General Government Debt and Budget Deficit as Threats to Economic Security of the European Union Countries," WSB Journal of Business and Finance, Sciendo, vol. 53(1), pages 55-67.
  • Handle: RePEc:vrs:wsbjbf:v:53:y:2019:i:1:p:55-67:n:1006
    DOI: 10.2478/wsbjbf-2019-0006
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