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The Economic Crisis Impact On Public Expenditures In Eu New Member States

Author

Listed:
  • Sabau-Popa Diana Claudia

    (University of Oradea, Faculty of Economic Sciences)

  • Mara Eugenia

    (Babes-Bolyai University, Faculty of Economics Science and Business Administration)

Abstract

This article analyzes the main trends of public expenditures in the New Member States 12 in the last decade. We develop a synthetic analysis of the total public expenditures and also an analytical inquiry of major categories of public expenditures according to COFOG. Based on data provided by Eurostat from 2000 to 2010 we try to capture the impact of global financial crisis on the major trends of the public expenditures for new member states. Our purpose is to reveal a global view of the state of public expenditures in this group of EU countries and also we try to make a comparison between Romania and these countries considering that the stance of public finance is quite similar to the new member states. The major findings of this study are the high increase of the public expenditures for all the countries especially in 2009, due to a huge increase of the social protection expenditures. In this context we underline some correlations between the public expenditures evolution and economic growth.

Suggested Citation

  • Sabau-Popa Diana Claudia & Mara Eugenia, 2012. "The Economic Crisis Impact On Public Expenditures In Eu New Member States," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 778-783, July.
    • Handle: RePEc:ora:journl:v:1:y:2012:i:1:p:778-783
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    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n1/112.pdf
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    References listed on IDEAS

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    1. Eugenia-Ramona Mara, 2012. "Fiscal Policy in the European Union – Present and Perspectives," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 2(2), pages 156-168, April.
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    Cited by:

    1. Tomasz Uryszek, 2014. "Public finance crisis and sustainable development financing – evidence from EU economies," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 3(1), pages 161-173.

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    More about this item

    Keywords

    public expenditures; fiscal policy; economic growth; budget deficit;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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