<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The aim of the article is to present budget deficit and government debt in the European Union member states, with particular consideration of the countries that belong to the PIIGS group. This paper has focused on the scale of these phenomena, on their reasons and on some attempts made to improve the unfavourable situation. In the main thesis presented in the article, it is stated that budget deficit and general government debt come as significant threats to economic security of the European Union (EU) countries. The research methods that have been applied in the study involve descriptive analysis and statistical data analysis.</p></abstract>

The aim of the article is to present budget deficit and government debt in the European Union member states, with particular consideration of the countries that belong to the PIIGS group. This paper has focused on the scale of these phenomena, on their reasons and on some attempts made to improve the unfavourable situation. In the main thesis presented in the article, it is stated that budget deficit and general government debt come as significant threats to economic security of the European Union (EU) countries. The research methods that have been applied in the study involve descriptive analysis and statistical data analysis.

General Government Debt and Budget Deficit as Threats to Economic Security of the European Union Countries

WSB Journal of Business and Finance

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The aim of the article is to present budget deficit and government debt in the European Union member states, with particular consideration of the countries...

General Government Debt and Budget Deficit as Threats to Economic Security of the European Union Countries

Published Online: Mar 21, 2019

Page range: 55 - 67

DOI: https://doi.org/10.2478/wsbjbf-2019-0006

Keywords
government debt, budget deficit, economic security, PIIGS

© 2019 Grzegorz Górniewicz, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

General Government Debt and Budget Deficit as Threats to Economic Security of the European Union Countries

Published Online: Mar 21, 2019

Page range: 55 - 67

DOI: https://doi.org/10.2478/wsbjbf-2019-0006

Keywordsgovernment debt, budget deficit, economic security, PIIGS

© 2019 Grzegorz Górniewicz, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
government debt, budget deficit, economic security, PIIGS