Budgetary Policy Rules and Their Efficiency in Limiting Public Debt’s Proportions in EU Member States
Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 185-190
Ensuring the soundness of public finance and, implicitly, the sustainability of public debt, represents a major concern of public authorities in every country, including at European level. The literature suggests and practice confirms the possibility of using budgetary policy rules as a tool for achieving these goals. The first part of this work is devoted to the analysis of the rationale for budgetary policy rules in European Union, mainly focusing on their action as a tool for preventing excessive public indebtedness. We then briefly present the contents of the budgetary policy rules applicable to EU Member States, both at the national and supranational level and we analyze their efficiency in limiting public debt’s proportions on the background of the recent global economic crisis, indicating some proposals for improvement.
Keywords: budgetary policy rules; European Union; excessive public debt (search for similar items in EconPapers)
JEL-codes: E60 H63 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:185-190
Access Statistics for this article
Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela
More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().