Application of Methods to Assess Public Finance Sustainability in Latvia

Riga Technical University 53rd International Scientific Conference : Dedicated to the 150th Anniversary and the 1st Congress of World Engineers and Riga Polytechnical Institute: Digest 2012
Jūlija Burģe, Kristīne Jakovļeva

Research focus of this paper is on theoretical side of sustainability of public finances. In paper theoretical framework of fiscal sustainability is analysed, including intertemporal budget constraint and assessment methods. Authors conclude that assessment of sustainability of public finances is challenging task, but nevertheless Latvia needs an independent national assessment. Applying methods of sustainability indicators and intertemporal net worth could be a good starting point for first approximation in national assessment for Latvia.

Keywords
sustainability, public finances, population ageing, intertemporal budget constraint, implicit and explicit liabilities.
Hyperlink
http://scientific-conference2012.rtu.lv/sites/default/files/RTU_Conference_2012.pdf

Kekļa, J., Jakovļeva, K. Application of Methods to Assess Public Finance Sustainability in Latvia. In: Riga Technical University 53rd International Scientific Conference : Dedicated to the 150th Anniversary and the 1st Congress of World Engineers and Riga Polytechnical Institute: Digest, Latvia, Rīga, 11-12 October, 2012. Rīga: RTU, 2012, pp.499-499. ISBN 9789934103605.

Publication language
English (en)