Abstract
The main objective of this paper is pointing out the importance of high public debt problem as well as the underlying causes that have led to rise in public debt in selected countries. The following methods were used in this research: historical method, deduction, generalization methods and statistical methods. By observing data on ten year trend of public debt in selected countries, we have concluded that there is a trend of increase in public debt, as a percentage of the gross domestic product of a country. Each of the analyzed countries (Canada, United Kingdom, Greece, Argentina and Serbia) has specific causes that have led to rise in public debt, but the main cause that is common to all countries is the excessive consumption of state organs and reduction of tax revenues that has arisen as a result of reduced economic activity due to the global economic crisis in recent years. By analyzing the data on the trend of public debt in the observed countries in the period from 2003. to 2014., we have concluded that the problem can be solved by increasing gross domestic product, or reducing government spending.
Highlights
The main objective of this paper is pointing out the importance of high public debt problem as well as the underlying causes that have led to rise in public debt in selected countries
By analyzing the data on the trend of public debt in the observed countries in the period from 2003. to 2014., we have concluded that the problem can be solved by increasing gross domestic product, or reducing government spending
S obzirom da vlada ostvaruje svoje prihode na osnovu poreza, državni dug možemo posmatrati kao dug njenih poreskih obveznika
Summary
Iako se problem visokog nivoa javnog duga vezuje uglavnom za nerazvijene zemlje i zemlje u razvoju, praksa je pokazala da ovaj problem mogu imati i razvijene zemlje. Godine je iznosio oko 53,318 triliona dolara, dok je tokom maja 2015. Godine iznosio oko 56,015 triliona dolara (The Economist, 2015). Javni dug Kanade, kao procenat BDP-a, 2014. Godine, javni dug Kanade je prešao prag od 100 milijardi dolara, dok je 1985. Godine, kada je ostvario iznos od 563 milijardi dolara. Godine, dolazi do postepenog smanjenja javnog duga i dostizanja nivoa od 458 milijardi dolara. Kanadski javni dug je ponovo prešao 500 milijardi dolara 25. Kamatne stope su značajno uticale na povećanje javnog duga Kanade. Tokom 1970-ih godina za Kanadu su bile karakteristične niske realne kamatne stope i visoka stopa rasta BDP-a. U periodu od sredine 80-ih do sredine 90-ih godina, dolazi do povećanja realne kamatne stope, dok se stopa rasta BDP-a smanjila zbog dezinflacione politike. To je dovelo do povećanog učešća javnog duga u BDP-u Kanade
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