Tags → expenditure


Public expenditure and growth
November 23, 2007 17:10

The paper discusses one cost seldom considered in the literature and in policy debates, namely, the volatility derived from additional public spending. The paper identifies a relationship between public spending volatility and consumption volatility, which implies a direct welfare loss to society.

Public Spending No comments yet
Tags: expenditure, GDP, spendings
Untangling the maze of European Union funds to Bulgaria
November 26, 2007 17:03

The paper concludes that Bulgaria is likely to benefit from large net inflows of resources of an average of 3.7 percent of gross domestic product (GDP) in 2007-09. In contrast, its fiscal position is expected to deteriorate by 1.6 percent of GDP on average in 2007-09 if no expenditure restructuring of the fiscal framework is carried out.

Integration in Europe No comments yet
Tags: Bulgaria, EU, fund, expenditure