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Doubtful Sustainability of Public Finances in Slovenia

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  • Primož Dolenc

Abstract

In the immediate period before adoption of euro many debates in Slovenia deal with fulfillment of Maastricht criteria. Slovenia has never had any significant problems with Maastricht fiscal criteria, but this does not mean that it has long-term sustainable fiscal situation. The purpose of this analysis is analyze (non)sustainability of Slovenia's fiscal stance. The methodology is based on objective analysis of long-term public finance's stability/sustainability. The analysis shows that Slovenia exceeded several times the level of sustainability in previous years. In next period the circumstances could only worsen unless necessary fiscal reform and other policy measures (especially reform of public-debt management) are introduced.

Suggested Citation

  • Primož Dolenc, 2006. "Doubtful Sustainability of Public Finances in Slovenia," Prague Economic Papers, Prague University of Economics and Business, vol. 2006(3), pages 268-281.
    • Handle: RePEc:prg:jnlpep:v:2006:y:2006:i:3:id:288:p:268-281
    DOI: 10.18267/j.pep.288
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    Cited by:

    1. Charles, Sebastien & Dallery, Thomas, 2013. "L’expiation par l’austérité ou la stratégie de l’échec : une interprétation post-keynésienne de la crise des pays périphériques en zone euro [Expiation through austerity or the strategy of failure:," MPRA Paper 65735, University Library of Munich, Germany.

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    More about this item

    Keywords

    public finance; sustainability; budget; deficit; debt;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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