FEATURES OF THE PUBLIC SPENDING BY FUNCTION IN CEE COUNTRIES - TRENDS AND SHIFTS DURING THE CRISIS PERIOD

Radulescu Magdalena and Logica Bănică
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Radulescu Magdalena: UNIVERSITY OF PITESTI

Annals - Economy Series, 2015, vol. 5, 104-115

Abstract: In this paper we analyzed the development of the public expenses by functions in the last decade in some selected Central and Eastern European (CEE) countries: Hungary, Poland, Czech Republic, Bulgaria and Romania. Based on this statistical analysis we can emphasize the main features of the budgetary policy in these countries during the crisis. We can underline the best measures of the budgetary policy adopted in these countries to fight the crisis effects. These countries haven’t adopted euro yet. After adopting euro, these countries won’t have an autonomous monetary policy and should base solely on their fiscal and budgetary policy when they will have to face some economic external shocks, just like they did during the current crisis. The fiscal and budgetary policy is facing political pressures in all countries.

Keywords: public spending; economic growth; Central and Eastern European countries. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:5:p:104-115

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