AMG performance. comparative analysis of the debt sustainability of and fiscal framework in Armenia, Moldova and Georgia
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OLARI, Marcel; LOBANOV, Natalia. AMG performance. comparative analysis of the debt sustainability of and fiscal framework in Armenia, Moldova and Georgia. In: Relaţii internaţionale. Plus. 2020, nr. 1(17), pp. 194-204. ISSN 1857-4440.
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Relaţii internaţionale. Plus
Numărul 1(17) / 2020 / ISSN 1857-4440 /ISSNe 2587-3393

AMG performance. comparative analysis of the debt sustainability of and fiscal framework in Armenia, Moldova and Georgia


CZU: 336.2:351.713(479.25)(478)(479.22)
JEL: H50, H62, H63
Pag. 194-204

Olari Marcel, Lobanov Natalia
 
Academy of Economic Studies of Moldova
 
Disponibil în IBN: 20 mai 2020


Rezumat

Currently, in the rapid process of economic development, where the continuous progress of innovation and knowledge exceeds any set limit, governments are involved in a hybrid war of winning competitive advantages, successes that ultimately allow the improvement of the minimum standard of living, the creation of more jobs, infrastructure development, etc. Therefore, the 21st century is declared the century of economic wars, where economic espionage and the identification of competitive advantages over other countries will be placed as the main priorities in the agendas of governments. Respectively, carrying out an exercise of comparative analysis of the aspects of debt sustainability and the fiscal framework characteristic of countries such as: Armenia, Moldova and Georgia, it is imperative under the current fiscal policy conditions. The results obtained could serve as a basis for improving the management of state debt and fiscal policies in this regard.

Cuvinte-cheie
public finance, debt sustainability, fiscal rules