FACTORS GENERATING PUBLIC INDEBTEDNESS IN DEVELOPED ECONOMIES Cover Image

FACTORS GENERATING PUBLIC INDEBTEDNESS IN DEVELOPED ECONOMIES
FACTORS GENERATING PUBLIC INDEBTEDNESS IN DEVELOPED ECONOMIES

Author(s): Irina Bilan, Angela Roman
Subject(s): Economy
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: public debt; budget deficit; budget revenues; budget expenses

Summary/Abstract: This paper aims at pointing out the factors that have led to the accumulation of public debt in the countries currently considered as developed. It first analyzes the dynamics of public debt in industrialized countries, putting into light that its level has always been high. Establishing that a direct correlation exists between the evolution of the budget balance and public debt, it afterwards emphasizes the causes of budget deficits and, implicitly, of public debt by minutely analyzing the particularities concerning the level and structure of budget revenues and expenditures in developed countries.

  • Issue Year: 2008
  • Issue No: 55
  • Page Range: 120-130
  • Page Count: 1
  • Language: English
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