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Fiscal Sustainability in the Non-Euro States

Alina - Georgiana Solomon ()

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2017, vol. 7, issue 1, 291-296

Abstract: Forming an opinion about the ability of a government of any State to honor its financial obligations in the long term, raise the issue of fiscal sustainability. This subject involves analysis of the main elements useful in maintaining macroeconomic stability, fiscal sustainability. In essence, government options in terms of fiscal policy developments affecting the fiscal deficit, indebtedness and ability to mobilize the necessary financial resources coatings, respectively refinaþãrii these indicators. In this paper, the study of fiscal sustainability is focused primarily on countries outside the euro area; highlighting the extent to which they, by applying their own national tax systems are consistent with the overall objective of the European Commission, recently said the "Europe 2020 Strategy".

Keywords: Fiscal sustainability; structural balance; revenues; expenditure (search for similar items in EconPapers)
Date: 2017
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