Title Lietuvos ekonominės konvergencijos tvarumas valstybės fi­nansinės padėties kontekste /
Translation of Title Stability of Lithuanian economic convergence in the context of the state financial situation.
Authors Montvilaitė, Kristina ; Ruplienė, Dovilė
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Is Part of Ekonomika ir vadyba: aktualijos ir perspektyvos. 2008, Nr. 4, p. 303-312.. ISSN 1648-9098
Keywords [eng] fiscal policy ; finance ; public ; economic convergence ; Lithuania
Abstract [eng] In recent years, Lithuania has been perfectly satisfying the convergence criteria for the national debt and the budget deficit, i.e. has not exceeded the settled 60 percent and 3 percent respectively of the reference values of the Maastricht Agreement. On the other hand, recently it has been more and more frequently noticed in the economist forums that the aspects of the country’s borrowing are sufficiently problematic and an increase in the fiscal deficit seems inevitable at an early date, thus actually it will not be easy to shape fiscal policy. Taking into consideration the defined problematic arguments in terms of the state financial stability, it is relevant to analyse the tendencies of meeting the above mentioned criteria and the essential factors influencing them, to evaluate involvement with other macroeconomical indices which would help to disclose problematic aspects, possible ways of problem solution and to avoid the risk of not repeatedly becoming a full member of EVS in future. In order to investigate stability of Lithuanian economic convergence in the context of the fiscal provisions of the Maastricht Agreement, the article presents a conception of convergence and outlines possible ways of its cognizance and evaluation in terms of macroeconomical theory and the Maastricht Agreement. The analysis of the debt of the government sector and the budget deficit as well as of the tendencies of variation in percent indices compared to the GDP revealed the characteristics of the situation and the spread of the latter, cohesion was evaluated by applying regression analysis. [...].
Type Journal article
Language Lithuanian
Publication date 2008