The central objective of this study is to analyze the competitiveness of European Union through the prism of its influence factors: public debt, budget deficit, competitiveness of national economies,credit default swap. Based on these factors were obtained three regression functions for EU...

A budget deficit is a common economic phenomenon, generally taking place on governmental levels, and occurs when the spending of a Government exceeds that of its financial savings. In fact, budget deficit normally happens when the Government does not plan its expenses, after taking into account...

The current economical situation determined by the effects of the crisis is causing the governments of the countries worldwide to streamline their processes in terms of collecting revenue from the state budget and then redistributing them on the principle of performance and economical...