Statistika: Statistics and Economy Journal (Dec 2019)
Economic Behaviour of the General Government and Sustainability of Public Finances – Comparative Analysis of the Czech Republic and Selected EU Countries
Abstract
The economic behaviour of the general government sector is manifested in the indices such as the government revenue, government expenditure, government deficit and government debt. It is an important tool for evaluating the sustainability of public finances and the orientation of the economic policy. All developed countries were hit by the crisis in 2009 and its continuation in the years 2011 through 2013; it was reflected, in particular, in high values of the government deficit and debt. The European economies have gotten out of this crisis by now, but a question remains: what means did the government institutions use in the respective countries to cope with the unfavourable values of the deficit (and debt)? In this paper, we will make use of the data on the national accounts to show the economic evolution of the general government in the Czech Republic after 2009 and compare it with certain other EU countries.
