The Budget Deficit – A Reflection of the General Economic Imbalance

Chiþiga Georgiana ()
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Chiþiga Georgiana: Financial and Monetary Research Centre „Victor Slãvescu”, Bucharest, Romania

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1156-1161

Abstract: The budget deficit is a problem with modern states are faced in our times. It is not dangerous because of the disbalance between revenues and expenses, but because of the complexity of the elements that have caused it, as well as the economic and financial consequences it brings about. The efficient management of the budget deficit may also lead to fiscal relaxation, considering that there must be a correlation between the expenditures which sustain the public dept and the increase of the financial resources of the states in order to pay it.

Keywords: economic deficit; budget deficit; financial management; implications of the budget deficit; public expenses (search for similar items in EconPapers)
JEL-codes: H61 H62 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1156-1161

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