THE PRIORITY DIRECTIONS OF NATIONAL ECONOMY DEVELOPMENT
PUBLIC REVENUES IN THE BULGARIAN AND THE EUROPEAN ECONOMY – DYNAMICS, TRENDS AND MAIN CHALLENGES
Tanya Plamenova Todorova
Abstract: The world today and the contemporary economic system are characterized by two perspective trends – globalization and regional integration. For the past few years, we have also experienced a long-lasting economic crisis, which is spread all over the world. Taking into consideration the slow rate of economic growth, the necessity of public revenues’ optimization is even more tangible. In this respect, a topical issue is to what extent the balanced budget balance will be successful in achieving sustainable economic development and stable economic growth and in building a competitive economy. In the present research the object of analysis are total public revenues and its subject – the dynamics, modern trends and main challenges concerning public revenues. The main goal is to evaluate the possibilities to optimize public revenues using comparative analysis between Bulgaria and the other new Member States of the European Union (Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia and Romania). The purpose is to justify the necessity of public revenue minimization and balancing the budget to the level ensuring the highest economic growth.
Keywords: public revenue, tax policy, government deficit, government surplus, economic growth.
Published: p. 71-76
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