1. bookVolume 2 (2020): Issue 1 (December 2020)
Journal Details
License
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Journal
First Published
20 Oct 2019
Publication timeframe
1 time per year
Languages
English
access type Open Access

Budgetary efficiency expressed as the interdependence of public expenditures and the Gross Domestic Product in the Republic of Moldova

Published Online: 31 May 2021
Page range: 200 - 208
Journal Details
License
Format
Journal
First Published
20 Oct 2019
Publication timeframe
1 time per year
Languages
English
Abstract

We address budget performance in terms of savings, efficiency, and effectiveness. To facilitate a quantitative analysis of budgetary efficiency, we perform a detailed study based on an econometric model of the interdependence of public expenditure, both capital and private, and GDP. We show that an increase in public expenditure, especially current, can significantly accelerate the growth of the productive sectors of the economy. Further, the implementation of performance indicators for public expenditure can lead to accelerated economic growth, both quantitatively as well as qualitatively, in the Republic of Moldova.

Keywords

JEL Classification

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