SUSTAINABILITY OF PUBLIC DEBT IN THE REPUBLIC OF SRPSKA
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 1
Abstract
Public debt is one of components of macroeconomic stability in the economy of each country. As such, the public debt is justified if it supports the macroeconomic stability, i.e. when the funds raised through borrowings are used for investments, encouraging the development of the overall economic environment, and greater benefits for citizens. The main question is how to spend the borrowed funds, because the ability to service the debt in the future will depend on that. After analyzing the situation and characteristics of the public debt, in this paper we shall present the amount of the public debt of the entity of the Republic of Srpska, as well as the opportunities to reduce the same, to prevent its negative consequences and stabilize the macroeconomic aggregates of the Republic of Srpska. In addition to that, the paper presents a comparison of the amount of the public debt in relation to the GDP in the countries of the EU and the Balkans.
Authors and Affiliations
Bosko MANDIC, PhD| (corresponding author) University NUBL , Faculty of Public Safety, Banjaluka, Bosnia and Herzegovina bosko.mandic@yahoo.com Phone: 00 387 51 308 761 Direct Contact: 00 387 52 241 900, Boro VOJVODIC, Msci| Town of Prijedor, Department of Economics, Prijedor boro.vojvodic@prijedorgrad.org Phone: 00 387 52 214 333 Direct Contact: 00 387 66 922 062
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