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Consequences of fiscal deficit and public debt in financing the public sector
2014
Ekonomika Poljoprivrede (1979)
The aim of this paper is to highlight the important issues of the budget deficit and public debt and their impact on economic growth. This paper considers the twin deficit hypothesis, which argues that there is a strong correlation between the current account deficit for an economy and government budget deficits. In the last ten years, Serbia is faced with a situation of simultaneous fiscal deficit and current account deficit. However, the growth of gross domestic product and the maturity of
doi:10.5937/ekopolj1401177t
fatcat:7amxjpwq4jbjzayrbdbpu7bw4y