Economic evaluation of Lithuanian public indebtedness: risks and opportunities
Economic evaluation of Lithuanian public indebtedness: risks and opportunities
Author(s): Ričardas Mileris, Sandra JakštienėSubject(s): National Economy, Governance, Present Times (2010 - today), EU-Accession / EU-DEvelopment
Published by: Kauno Technologijos Universitetas
Keywords: Macroeconomics; public debt; sovereign ratings; statistics;
Summary/Abstract: In this research the Lithuanian public debt changes in recent years were analyzed. From 2009 the significant annual increase of foreign and overall central government debt was observed. So the related to public debt economic indicators as central government revenues, expenses, interest payments statistics and sovereign ratings were estimated. The Lithuanian public debt data was also compared to the similar statistics of other European Union countries. The analysis results indicated that Lithuanian public debt ratio to GDP and 1 inhabitant is one of the least in EU. That shows the high opportunities to be able to repay debt, but the main risks are too low macroeconomic rates of economic activity and deteriorative demographic characteristics.
Journal: CHANGES IN SOCIAL AND BUSINESS ENVIRONMENT
- Issue Year: 2013
- Issue No: 05
- Page Range: 95-104
- Page Count: 10
- Language: English