ДЪРЖАВНА ЗАДЛЪЖНЯЛОСТ И БЮДЖЕТЕН ДЕФИЦИТ НА СТРАНИТЕ ОТ ЕВРОЗОНАТА ПРЕЗ ПРИЗМАТА НА МААСТРИХТСКИТЕ КРИТЕРИИ
GOVERNMENT DEBT AND BUDGET DEFICIT OF THE COUNTRIES IN THE EURO AREA ACCORDING TO THE MAASTRICHT CRITERIA

Summary/Abstract: A basic challenge and priority in financial management in the developed world, incl. the countries in the euro area, is to maintain macroeconomic stability and to achieve fiscal sustainability. The adherence to the existing Maastricht criteria requirements for government debt and budget deficits sets the key criteria for a financially stable economic and monetary union. Based on the dynamics of the consolidated government debt/GDP and deficit/GDP, we can classify the countries into the euro area into one of three groups. This shows the need for a more in-depth analysis of debt management trends, along with its link to economic growth.

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