MEASURING THE STRUCTURAL BUDGET DEFICIT IN THE EUROPEAN UNION

Arjocu Ana-Maria and Dronca Alexandru
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Arjocu Ana-Maria: WEST UNIVERSITY OF TIMISOARA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, TIMISOARA, ROMANIA
Dronca Alexandru: WEST UNIVERSITY OF TIMISOARA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, TIMISOARA, ROMANIA

Annals - Economy Series, 2015, vol. 1II, 147-153

Abstract: 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.

Keywords: structural budget deficit; output gap (search for similar items in EconPapers)
Date: 2015
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