Abstract
The article’s subject is to examine the factors affecting the fiscal sustainability in Central and Eastern Europe and Georgia, and to assess their effectiveness - primarily in times of economic, political, and social crises. The fiscal sustainability should be understood as the government’s ability to maintain the current expenditure, tax, and fiscal policy in the long term – to avoid threatening the state’s solvency, meet its obligations, and perform public tasks. The study contains a comparative legal analysis to show how the factors contributing to the fiscal sustainability influence the ability of states to counteract crises and their consequences. Current problems related to the SARS-CoV-2 pandemic and the geopolitical situation will also be considered. The study aims to indicate the threats of destabilization of public finances, factors that may lead to it, and measures to prevent its occurrence.
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