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Sviluppi di bilancio e convergenza delle finanze pubbliche nei nuovi Stati membri

Author

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  • Maria Gabriella Briotti

    (Banca Centrale Europea)

Abstract

The article examines public finance developments and its medium and long term prospects in the new member States of the European Union. Budget deficits have mostly a structural nature and require timely policy interventions, particularly in the area of social security spending. National economic programmes show that all countries in deficit aim at a substantial adjustment of their budgets in the medium term. In particular, further parametric reforms and a broadening of the funded pillar are expected to improve the sustainability of pension systems. As emphasised in the opinions expressed by the Council of the European Union, the realisation of countries' fiscal targets is subject to some risks.

Suggested Citation

  • Maria Gabriella Briotti, 2005. "Sviluppi di bilancio e convergenza delle finanze pubbliche nei nuovi Stati membri," Rivista di Politica Economica, SIPI Spa, vol. 95(4), pages 31-61, July-Augu.
    • Handle: RePEc:rpo:ripoec:v:95:y:2005:i:4:p:31-61
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    More about this item

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • P35 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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