Sustainable public finance and debt management
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http://hdl.handle.net/2183/34870Collections
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Sustainable public finance and debt managementDate
2019Citation
Novo-Corti, I., Picatoste, X. (2019). Sustainable Public Finance and Debt Management. In: Ziolo, M., Sergi, B.S. (eds) Financing Sustainable Development. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-16522-2_9
Abstract
[Abstract]: Sustainability is a leading criterion in the decision-making process in sustainable finance
concerning financial markets and private entities as well as in public finance. State and
self-governing entities play a key role in implementing and supporting the sustainable
finance concept. There is some empirical evidence that a positive association exists
between higher public revenue (as a % GDP) and income inequality reduction, as well as
the key role of public social spending on human development. The chapter presents a
theoretical approach to public debt management from the perspective of balanced
finances. Differences in the understanding of sustainable public debt management in the
traditional and stable financial paradigm were pointed out. The chapter uses a critical
analysis of literature, the method of induction and deduction, a method of comparisons
and generalizations, and a synthesis method. Because of the conducted analyzes, it was
shown that balanced finance in a comprehensive manner describes and explains the
complexity of the public debt management category about the traditional finance
paradigm.
Editor version
ISBN
978-3-030-16522-2