Aspect of Fiscal Consolidation: Evidence from Serbia
Kalaš Branimir (),
Andrašić Jelena and
Additional contact information
Pjanić Miloš: University of Novi Sad, Faculty of Economics, Segedinski put 9-11, Subotica, Serbia
The European Journal of Applied Economics, 2016, vol. 13, issue 2, 21-29
In contemporary market conditions facing continuous debt crisis, the notion of fiscal consolidation is one of potential solutions for solving the main economic issues in any country. As regards fiscal consolidation, it necessary to point out to the importance of developing strategies aimed at minimizing deficit and debt level. Serbia is among those countries in which irrational spending is widely present with unfavourable tendency regarding the aspect of production and consumption. Over the past 25 years, Serbia has spent much more than it has produced, which has led to large budget deficits and debt level. The aim is to point out to the concept of fiscal consolidation and its implementation in Serbia, while the subject of this paper is to present the package of measures and strategies defined by the government of the Republic of Serbia and the Fiscal Council Program.
Keywords: fiscal consolidation; strategy; measures; balance (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
https://www.degruyter.com/view/j/sjas.2016.13.issu ... 10653.xml?format=INT (text/html)
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:vrs:tejoae:v:13:y:2016:i:2:p:21-29:n:4
Access Statistics for this article
The European Journal of Applied Economics is currently edited by Milovan Stanišić
More articles in The European Journal of Applied Economics from De Gruyter Open
Series data maintained by Peter Golla ().