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Budget deficits and public debt

Ionut Constantin
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Ionut Constantin: Faculty of Bussines and Administration, University of Bucharest, Romania

Manager Journal, 2009, vol. 9, issue 1, pages 7-16

Abstract: In the recent decades, the budget deficit has become one of the characteristics of national economies. Furthermore,it finds its dimensions amplification. Despite this, more and more are the economists who dispute the need to balance the budget,arguing the need even the deficit and systematic use of in order to achieve economic equilibrium.Such guidance is substantiated by the need to promote an economic policy which ensures full use of resources and non-inflation economic growth.In these circumstances, balancing the budgest is clearly of secondary importance. In this context, it supported the need to increase expenditure at a pace faster than income growth and, implicitly , to keep budget deficits.

Keywords: budget deficit; economic equilibrium; economic policy; public debt; budgetary policy (search for similar items in EconPapers)
Date: 2009
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