Acta Oeconomica Pragensia 2011, 19(6):21-38 | DOI: 10.18267/j.aop.349

Public Debt in the Central and Eastern European Countries. Development in the Context of the World Economic Crisis

Eva Karpová
Vysoká škola ekonomická v Praze, Fakulta mezinárodních vztahů (eva.karpova@vse.cz).

Many of the Central and Eastern European countries faced general government balance problems in the 1990s, already during their transition period. Moreover, these problems continued during their EU accession. After both the Eastern enlargements, the situation was improving and, besides, the general government debt were kept at low levels. Later on, however, the economic crisis brought serious difficulties to general government balances. General government debt were also increasing. The article brings an overview and comments on these facts in a macroeconomic context. (Figures and comments are primarily deduced from Eurostat and OECD sources.)

Keywords: Central and Eastern European countries, economic crisis, general government deficit/surplus, general government debt, external debt, GDP, unemployment
JEL classification: E50, H60, H61, H62, H63

Published: October 1, 2011  Show citation

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Karpová, E. (2011). Public Debt in the Central and Eastern European Countries. Development in the Context of the World Economic Crisis. Acta Oeconomica Pragensia, 19(6), 21-38. doi: 10.18267/j.aop.349
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