Public Finance Imbalance in Selected Cee Countries
DOI:
https://doi.org/10.18778/1429-3730.41.05Keywords:
deficit, public debt, Treaty on the Functioning of the European Union, Stability and Growth PactAbstract
The aim of this article is to assess the public finance imbalance in selected CEE countries. The study examines public debt and deficit in six European Union Member States: Bulgaria, Croatia, the Czech Republic, Poland, Romania, and Hungary. The study revealed the growing imbalance in public finance in these countries, resulting mainly from the increased public debt. Moreover, the examined countries have problems with the implementation of supranational fiscal rule for budget balance, which resulted in the imposition of the Excessive Deficit Procedures.
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