MEASURING THE STRUCTURAL BUDGET DEFICIT IN THE EUROPEAN UNION
Changes to the institutional framework of the Treaty on Stability, Coordination and Governance put great emphasis on fiscal discipline in the European Union, especially for countries belonging to the Eurozone, but also for the accession countries. Surveillance of budgetary policies and the excessi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2015-03-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2015-01.Volumul%202/23_Arjocu%20Dronca.pdf |
| Summary: | Changes to the institutional framework of the Treaty on Stability, Coordination and Governance put great
emphasis on fiscal discipline in the European Union, especially for countries belonging to the Eurozone, but also for the
accession countries. Surveillance of budgetary policies and the excessive deficit procedure are directions, which have to
be followed, to meet debt limit and public deficit of gross domestic product, so as to fulfil fiscal and financial stability and
economic integration.
The objectives of this paper are to analyze, using the method of estimating the structural budget deficit, the EU
Member State’s ability to fulfill the requirements of fiscal and financial stability. The findings of the scientific research
and the methodology used shows the potential of the 28 member states of the European Union to fulfil the requirements
for fiscal and financial stability |
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| ISSN: | 1844-7007 1844-7007 |