ALTAX present for public the new paper on the cost of public debt and the impact on economic growth from 2000
ALTAX comes with a new political-economic paper where it presents historical statistical facts from the year 2000 until today on the sustainability of the public debt, which is considered a key element in this paper, based a lot on the opinions and analyzes expressed by the experts of the Monetary Fund (IMF), as well as the World Bank (WB).
Public debt plays a central role in the IMF’s lending decisions and helps assess critical issues, such as the primary balance needed to stabilize debt in both the baseline and realistic shock scenarios and economic and political feasibility. his.
Based on this fact, as well as the government’s recent moves to reduce the weight of public debt in relation to GDP, the analysis is oriented to provide a contribution to the way public debt has been managed through the cost of debt, but also how much it has influenced economic growth.
Another point of view of the work is the assessment of the internal debts of the business to the fiscal institutions, which in itself affect and harm the public debt, since the budget has in some cases financed public enterprises, giving an impact on the fiscal deficit.
These forward estimates are essential to understand in terms of how changes in public debt are likely to affect real GDP in the short to medium term.
This paper reviews the relationship between public debt and GDP.
The paper The cost of public debt and economic growth from 2000 provides new empirical evidence of the impact of a public debt impact on GDP and the trend of economic growth.
Using data from the public finance institution, from the Bank of Albania, from INSTAT and processing of tax debt indicators, we have identified changes in public debt that are seen to have affected economic growth and the volume of domestic production.
The work is built in 6 points where, among other things, it deals in an extended approach with the impact of debt on economic growth, as well as other internal impacts related to the implementation of budget policies for investments and fiscal management.
This paper will be free for readers until mid-July 2024.
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