JAPAN?S PUBLIC FINANCES FROM THE VIEWPOINT OF EUROPEAN FISCAL RULES

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F10%3A%230000221" target="_blank" >RIV/46747885:24310/10:#0000221 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
JAPAN?S PUBLIC FINANCES FROM THE VIEWPOINT OF EUROPEAN FISCAL RULES
Original language description
The balance of public budgets and public debt is the basic characteristics of the public finances of an economy. Influenced by the economic crisis between 2008 and 2009, the majority of developed countries struggle with the risks connected with sustainability of their public finances. The criteria for defining fiscal discipline in Eurozone are represented by Maastricht convergence criteria and by the existence and the function of the Stability and Growth Pact. The state of Japan?s public finances in comparison with the state of public finances of the Eurozone countries shows worse parameters and worse developmental tendencies of both characteristics. In 2009 the deficit of public budgets was higher only in two Eurozone countries and Japan?s public debtwas almost two times higher than the highest value in the Eurozone. Without immediate and efficient fiscal consolidation Japan?s public finances will become one of the main threats to the future development of Japan?s economy.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
<a href="/en/project/GA402%2F09%2F0592" target="_blank" >GA402/09/0592: The Development of Economic Theory in the Context of the Economic Integration and Globalization</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2010
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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