How to Read Government Deficit and Debt

Statistics and Economy Journal, 2014, 94 (3)

15 Pages Posted: 25 Feb 2016 Last revised: 7 Jun 2018

Date Written: 2014

Abstract

Economic situation of the government described by the indicators of the national accounts is currently underthe spotlight of the professional public. The indicators have its relevance to considerations of the fiscal sustainability and the European Monetary Union enlargement. However, awareness of the methodology is rather weak; the indicators are in many cases confused with other indicators related to public finance. The main aim of the text is to provide a detailed explanation of nature of key indicators used for the purpose of the Excessive Deficit Procedure. At the same time, main differences between indicators related to the state budget, public sector and EDP procedure are outlined.

Keywords: National accounts, government deficit, government debt, state budget, EDP, public sector

JEL Classification: H62, H63, H71, E62

Suggested Citation

Vebrova, Ludmila and Rybáček, Václav, How to Read Government Deficit and Debt (2014). Statistics and Economy Journal, 2014, 94 (3), Available at SSRN: https://ssrn.com/abstract=2737377

Ludmila Vebrova

Czech Republic

Czech Republic

Václav Rybáček (Contact Author)

Czech Statistical Office ( email )

Na padesatem 81
Praha, 10000
Czech Republic

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