Journal of Economic Development, T. 22, S. 4 (2015)

Cỡ chữ:  Nhỏ  Vừa  Lớn

State Budget Balance, Public Debt, and International Norms

BUI THI MAI HOAI, SU DINH THANH, BUI DUY TUNG

Tóm tắt


A fiscal sustainability model requires that budget revenues and expenditures be in balance while government budget constraints, ensured. Yet, it becomes problematic while failing to address the dynamism of the budget constraints, associated with the government’s role (i.e. extending its intervention may affect public debt and finance). On adopting approaches by Trehan and Walsh (1991) and Hakkio and Rush (1991), which empirically tests cointegration between government revenues and its spending, this study’s aim is to assess the issue of public debt and fiscal sustainability in Vietnam. The findings, on the ground of analyzing institutional factors, demonstrate that no sustainability, as well as potential risk, is reflected by Vietnam’s public debt and fiscal policy.http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=b04de706-ffc0-4714-b999-3ff00c90f3f1



University of Economics HCMC

JOURNAL OF ECONOMIC DEVELOPMENT

ISSN: 1859-1116