Main aim of the paper is to discuss the relation between government deficit and debt and the importance of the aggregate known as stock-flow adjustments. The development of Czech government's debt confronted with deficits in the last years gave raise to a number of questions which are dealt with...

Economic situation of the government described by the indicators of the national accounts is currently underthe spotlight of the professional public. The indicators have its relevance to considerations of the fiscal sustainability and the European Monetary Union enlargement. However, awareness...