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Alternative title:

The impact of contemporary economic crisis on public finances of the Visegrad Group

Subject and Keywords:

economic crisis   fiscal pact   public finances   state budget   public debt

Description:

Od 2013 pt.: Ekonomia - Wroclaw Economic Review

Abstract:

The article attempts to assess the state of public finances of the Visegrad Group (V4) during thecontemporary economic crisis. At the beginning there are shown two faces of the economic crisis inthe European Union and that this crisis firstly took the form of a banking crisis, and next extend tothe public finance sector. Analysis of GDP proved that when we have crisis in the European Unionin all V4 countries there has been a decline in the volume of GDP, and in the next years there wererather its growth. Analysis of the budget deficit showed that in 2008-2015 the V4 countries hadproblems in complying with the deficit below 3% of GDP. At the same time analysis of public debtshowed that as a result of the economic crisis public debt in the Visegrad Group had a tendency torather increase, but in the Czech Republic, Poland and Slovakia, it was less than 60% of GDP, whilein Hungary exceeded 71% of GDP

Place of publishing:

Wrocław

Publisher:

Wydawnictwo Uniwersytetu Wrocławskiego

Date issued:

2017

Date copyrighted:

2017

Identifier:

ISSN 2084-4093

DOI:

10.19195/2084-4093.23.2.4

Language:

eng   fre   pol   ger

Relation:

Acta Universitatis Wratislaviensis, ISSN 0239-6661 ; no 3770. Ekonomia, ISSN 2084-4093 ; 23/2, s. 57-73

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o.

Autor opisu:

WR U/PAdjm