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  • 标题:FISCAL PRESSURES ON THE ROAD TO EMU
  • 本地全文:下载
  • 作者:M. Antczak ; M. Markiewicz ; J. Siwinska
  • 期刊名称:Economic Assessment of the Euro Area / Euroframe
  • 出版年度:2006
  • 卷号:SPR
  • 出版社:The Economic and Social Research Institute
  • 摘要:This paper discusses the main fiscal pressures related to EU accession that might arise on the road to EMU in the transition economies, which joined the EU in May 2004. More than half of them run excessive fiscal deficits being partly a legacy of an early transition period, partly ¨C a consequence of additional accession-related costs. The structure of the paper is the following: the first part discusses the current fiscal situation stressing, among others, the pressures coming from old-age related expenditures. The second part concentrates on fiscal pressures that stem directly from the fiscal obligations arising from EU membership and presents the infrastructure investment needs which are necessary in order to achieve real convergence with OMS. The last part concludes.
  • 关键词:European Union, enlargement, fiscal policy, Maastricht criteria, infrastructure expenditures.
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