Judging the Sustainability of Czech Public Finances

Jan Zapal

Czech Economic Review, 2007, vol. 1, issue 1, 15-31

Abstract: The position of Czech public finances has been pronounced unsustainable by economists, while politicians claim more or less the opposite. Correct judgment is complicated by the purposeful use of arguments by the two groups in disagreement, by use of different methodology to collect the data and above all, by the fact that there is no precise benchmark for measuring the sustainability. My work attempts to surpass those complications. It attempts to shed more light on Czech public finances sustainability and to present further arguments, presenting Czech public finances in widest international context possible and using comparable, same-methodology based data, as well as different approaches and angles public sector can be looked upon. Despite my believe that careful reader should be allowed to arrive to his own conclusion, the analysis suggests that concerns of economists about the future development of Czech public finances are legitimate.

Keywords: public finances; sustainability index; budget processes; fiscal illusion; deficit bias; factor analysis; open-ended expenditures (search for similar items in EconPapers)
JEL-codes: C10 D70 E62 H11 H61 H62 (search for similar items in EconPapers)
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://auco.fsv.cuni.cz/storage/17_2007_01_015.pdf (application/pdf)

Related works:
Working Paper: Judging the Sustainability of Czech Public Finances (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fau:aucocz:au2007_015

Ordering information: This journal article can be ordered from
http://auco.cuni.cz/

Access Statistics for this article

More articles in Czech Economic Review from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Lenka Stastna ().