SLO | ENG | Cookies and privacy

Bigger font | Smaller font

Show document

Title:Primerjava gospodarstev slovenije in belgije s poudarkom na njunem javnofinančnem stanju
Authors:Milanez, Ana (Author)
Bekő, Jani (Mentor) More about this mentor... New window
Files:.pdf UN_Milanez_Ana_2018.pdf (1,15 MB)
 
Language:Slovenian
Work type:Diploma project paper (mb13)
Typology:2.11 - Undergraduate Thesis
Organization:EPF - Faculty of Business and Economics
Abstract:Belgija je gospodarsko bolj razvita država kot Slovenija. Značilnosti slovenske in belgijske fiskalne politike dobro pojasnjujejo nižjo raven njunega življenjskega standarda v primerjavi s Švedsko. Delež bruto vladnih investicij v % BDP obeh držav je nizek, po razpletu zadnje krize je še dodatno upadel. Nadpovprečno visoki proračunski izdatki za socialna nadomestila so med veliko recesijo v obeh državah narasli. Obe državi generirata največji obseg proračunskih prihodkov iz naslova davkov na dohodek in socialnih prispevkov. Slovenija je med zadnjo krizo prekinila s procesom razvojnega dohitevanja; recesijo realnega sektorja je poglobila finančna kriza. Proračunski primanjkljaj je tudi zaradi sanacije slovenskega bančnega sistema med krizo narasel bolj kot v Belgiji, slovenski javni dolg je strmo narasel, zaradi česar so občutno narasli tudi stroški njegovega servisiranja. Belgija pa je med veliko recesijo svojo izhodiščno višjo raven javnega dolga obvladovala uspešneje. Ob posebej hitrem naraščanju proračunskih izdatkov, povezanih s staranjem prebivalstva, v kombinaciji z upadajočim trendom rasti outputa bo dolgoročno vzdržnost slovenskih in belgijskih javnih financ pogojevala uspešna nadaljnja fiskalna konsolidacija. Ugotavljamo, da je trenutno makroekonomsko okolje ugodno za vzdržno znižanje razmerja med javnim dolgom in outputom obeh držav. Pomembno pa je, da se ob fiskalnem naporu neto proračunski prihodki prestrukturirajo v kompozicijo, ki bo Sloveniji zagotovila dvig produktivnosti dela, v Belgiji pa pripomogla k zaviranju upada njene rasti ter dvignila raven agregatne zaposlenosti. Fiskalna preudarnost mora ostati prioriteta slovenske in belgijske ekonomske politike, v nacionalnem interesu obeh držav je omejevanje ciklične pristranskosti njenih nosilcev.
Keywords:fiskalna politika, proračunski saldo, javni dolg, gospodarska rast
Year of publishing:2018
Publisher:[A. Milanez]
Source:Maribor
UDC:338.1
COBISS_ID:13156892 Link is opened in a new window
License:CC BY-NC-ND 4.0
This work is available under this license: Creative Commons Attribution Non-Commercial No Derivatives 4.0 International
Views:47
Downloads:4
Metadata:XML RDF-CHPDL DC-XML DC-RDF
Categories:EPF
:
  
Average score:(0 votes)
Your score:Voting is allowed only for logged in users.
Share:AddThis
AddThis uses cookies that require your consent. Edit consent...

Hover the mouse pointer over a document title to show the abstract or click on the title to get all document metadata.

Secondary language

Language:English
Title:A comparison of the Slovenian and Belgian Economy with Emphasis on their Fiscal Position
Abstract:Slovenia is a less developed economy than Belgium, and both have a lower level of GDP p.c. than Sweden. Decomposition of general government net expenditure offers a good explanation to account for this. Share of public investment in % of Slovenian and Belgian GDP is low and has shrunk in the aftermath of the Great Recession. During the last crisis both countries increased their above-average volume of social spending. Social security contributions and taxes on income represent both governments' greatest source of income. Slovenia's catch-up process was interrupted by the last economic downturn; recession in the real sector was deepened by the financial crisis. Recapitalisation of the Slovenian banking sector, amongst other factors, caused rapid detoriation of Slovenian government balance, which resulted in an explosive increase of public debt and debtservicing costs. During the Great Recession Belgian debt-to-GDP ratio increased at a slower pace, however remained on a much higher level. With raising pressures on public finance sustainability due to demographic change and declining trend in output growth, further fiscal consolidation remains crucial. We note that the current state of the economy provides a good opportunity for bringing down debt-to-GDP ratio in both countries. In addition to fiscal effort, general government net revenue ought to be restructured in a way which will promote labour productivity growth in Slovenia and stop its decline in Belgium, while raising the level of aggregate employment. Fiscal prudence ought to remain decision makers' priority, limitation of their cyclical bias is in national interest of both countries.
Keywords:fiscal policy, government budget balance, public debt, economic growth


Comments

Leave comment

You have to log in to leave a comment.

Comments (0)
0 - 0 / 0
 
There are no comments!

Back
Logos of partners University of Maribor University of Ljubljana University of Primorska University of Nova Gorica