Public Debt in the Central and Eastern European Countries. Development in the Context of the World Economic Crisis

Veřejná zadluženost zemí střední a východní Evropy. Vývoj v kontextu světové hospodářské krize

Eva Karpová

Acta Oeconomica Pragensia, 2011, vol. 2011, issue 6, 21-38

Abstract: Many of the Central and Eastern European countries faced general government balance problems in the 1990s, already during their transition period. Moreover, these problems continued during their EU accession. After both the Eastern enlargements, the situation was improving and, besides, the general government debt were kept at low levels. Later on, however, the economic crisis brought serious difficulties to general government balances. General government debt were also increasing. The article brings an overview and comments on these facts in a macroeconomic context. (Figures and comments are primarily deduced from Eurostat and OECD sources.)

Keywords: Central and Eastern European countries; economic crisis; general government deficit/surplus; general government debt; external debt; GDP; unemployment (search for similar items in EconPapers)
JEL-codes: E50 H60 H61 H62 H63 (search for similar items in EconPapers)
Date: 2011
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DOI: 10.18267/j.aop.349

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