engleski

The Efficiency of Fiscal Consolidation in Selected EU Member States

The main objective of the paper is to assess the performance of implemented fiscal consolidation in selected EU Member States – with special emphasis on Croatia – from 2007 to 2015. We examined the measures and fiscal impacts of implemented fiscal consolidation of selected EU Member States that were covered and successfully abrogated the Excessive Deficit Procedure (EDP). Recent scientific studies have not sufficiently examined the impact of fiscal consolidation on the size and structure of transactions in financial assets, as well as the contribution of revenues from privatization for reduction of general government deficit and debt. This paper will assess the degree of consistency in the implementation of fiscal consolidation during the EDP and after its formal abrogation.

fiscal consolidation, fiscal impact, measures, deficit, debt

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