Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/307994 
Year of Publication: 
2024
Citation: 
[Journal:] Theoretical and Applied Economics [ISSN:] 1844-0029 [Volume:] 2024 [Issue:] 4 [Publisher:] Editura Economica [Place:] Bucharest [Year:] 2024 [Pages:] 261-278
Publisher: 
Editura Economica, Bucharest
Abstract: 
This paper aims to assess the compliance of the EU Member States with the previous debt rules over the period 2011-2023. To achieve this, we assessed two complementary criteria concerning public debt, respectively the compliance with the 60% of GDP threshold and the one related to the debt reduction rule, which indicates that Member States with public debt levels higher than 60% of GDP should reduce the difference between the level of public debt share in GDP and the 60% of GDP threshold with an average rate of 1/20 in the last three years. Further, we highlighted the reasons why the last economic governance framework was not effective and we presented the new debt rules in their revised form.
Subjects: 
Stability and Growth Pact
public debt
rules
fiscal
economic governance review
JEL: 
E62
E63
H62
H63
Creative Commons License: 
cc-by-nc-sa Logo
Document Type: 
Article
Document Version: 
Published Version
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