Correlation Between Fiscal Rules and Sustainable Development of the Visegrad Group Countries (Korelacja miedzy regulami fiskalnymi a zrownowazonym rozwojem krajow Grupy Wyszehradzkiej)

Jens Hölscher, Marta Postula (), Agnieszka Alinska () and Jaroslaw Klepacki
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Marta Postula: Warsaw University
Agnieszka Alinska: SGH Warsaw School of Economics
Jaroslaw Klepacki: University of Warsaw

Problemy Zarzadzania, 2019, vol. 17, issue 83, 33-53

Abstract: The research question presented in this analysis focuses on national fiscal rules applicable in the Visegrad Group (also called V4) expressed in the European standardised fiscal rules index and on their impact on the socio-economic policy. The use of fiscal rules as an instrument of fiscal sustainability is manifested by imposing requirements as regards borrowing and the costs of public debt service. A high level of debt can cause social development expenditure to be crowded out, contributing to growing development disparities in social and economic terms.

Keywords: fiscal rules; sustainable development; public finance discipline; Visegrad Group (search for similar items in EconPapers)
JEL-codes: F4 G01 G18 H5 H6 P34 P52 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sgm:pzwzuw:v:17:i:83:y:2019:p:33-53

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