The current budget deficit Cover Image

Deficitul bugetar actual
The current budget deficit

Author(s): Doina Iacob, Adrian Micu, Angela-Eliza Micu
Subject(s): Economy
Published by: Editura Eurostampa
Keywords: budget; environment; deficit

Summary/Abstract: As a result of the more rapid growth of the public expenses compared to the public income, in many countries, either developed or undergoing development, the budgets are more frequently drafted and closed with a deficit. The budget deficit is considered as a chronic phenomenon of the contemporary finance. The causes of the budget deficit are multiple and they vary within the domestic economy, as well as in the international environment. The budget deficit is caused by the accelerate growth of the public expenditure, with supporting the growth rate, the public resources or the environment phenomena which influence by means of the exchange rate and the interest rate.

  • Issue Year: XV/2009
  • Issue No: 15
  • Page Range: 646-652
  • Page Count: 7
  • Language: English