Hidden public debt across European countries
Autor(a) principal: | |
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Data de Publicação: | 2015 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/18257 |
Resumo: | The purpose of this paper is to analyze two out of three main types of Hidden Public Debt, Commercial Debt and Public Private Partnerships Financing Needs, across 11 European Countries between 2000-2012. When faced with the need to raise taxes or reduce spending, governments have for some time turned to a third option by resorting to off book loans and liabilities that do not appear in public accounts. Hidden public debts are those state commitments and liabilities that, despite a lack of specific allocation or inclusion in forecasts and liabilities, are assumed by the government. Amongst the major results, this article concludes that countries with stronger economies, more transparency of government expenditures and relatively high tax rate stayed in- or moved to the bucket of relatively low debt levels, namely with hidden debt below 1% of GDP. Also, the level of hidden debt within the PIIGS is twice if what the rest of the sample has. |
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Hidden public debt across European countriesDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe purpose of this paper is to analyze two out of three main types of Hidden Public Debt, Commercial Debt and Public Private Partnerships Financing Needs, across 11 European Countries between 2000-2012. When faced with the need to raise taxes or reduce spending, governments have for some time turned to a third option by resorting to off book loans and liabilities that do not appear in public accounts. Hidden public debts are those state commitments and liabilities that, despite a lack of specific allocation or inclusion in forecasts and liabilities, are assumed by the government. Amongst the major results, this article concludes that countries with stronger economies, more transparency of government expenditures and relatively high tax rate stayed in- or moved to the bucket of relatively low debt levels, namely with hidden debt below 1% of GDP. Also, the level of hidden debt within the PIIGS is twice if what the rest of the sample has.Reis, RicardoSarmento, Joaquim José MirandaVeritati - Repositório Institucional da Universidade Católica PortuguesaPanyushkin, Alexei Filippovitch2015-09-15T15:20:37Z2015-04-242015-04-24T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/18257TID:201169797enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-16T01:42:01Zoai:repositorio.ucp.pt:10400.14/18257Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:15:14.756511Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Hidden public debt across European countries |
title |
Hidden public debt across European countries |
spellingShingle |
Hidden public debt across European countries Panyushkin, Alexei Filippovitch Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Hidden public debt across European countries |
title_full |
Hidden public debt across European countries |
title_fullStr |
Hidden public debt across European countries |
title_full_unstemmed |
Hidden public debt across European countries |
title_sort |
Hidden public debt across European countries |
author |
Panyushkin, Alexei Filippovitch |
author_facet |
Panyushkin, Alexei Filippovitch |
author_role |
author |
dc.contributor.none.fl_str_mv |
Reis, Ricardo Sarmento, Joaquim José Miranda Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Panyushkin, Alexei Filippovitch |
dc.subject.por.fl_str_mv |
Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The purpose of this paper is to analyze two out of three main types of Hidden Public Debt, Commercial Debt and Public Private Partnerships Financing Needs, across 11 European Countries between 2000-2012. When faced with the need to raise taxes or reduce spending, governments have for some time turned to a third option by resorting to off book loans and liabilities that do not appear in public accounts. Hidden public debts are those state commitments and liabilities that, despite a lack of specific allocation or inclusion in forecasts and liabilities, are assumed by the government. Amongst the major results, this article concludes that countries with stronger economies, more transparency of government expenditures and relatively high tax rate stayed in- or moved to the bucket of relatively low debt levels, namely with hidden debt below 1% of GDP. Also, the level of hidden debt within the PIIGS is twice if what the rest of the sample has. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-09-15T15:20:37Z 2015-04-24 2015-04-24T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/18257 TID:201169797 |
url |
http://hdl.handle.net/10400.14/18257 |
identifier_str_mv |
TID:201169797 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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