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Ageing and Public Finances in the Eu Conditions and Future Prophecies

Vol 13 , Issue 1 , January - June 2012 | Pages: 101-115 | Research Paper  

https://doi.org/10.51768/dbr.v13i1.131201208


Author Details ( * ) denotes Corresponding author

1. * Judit Villanyi, Assistant Professor, Faculty of Economics and Social Sciences, Szent István University, Hungary (villanyi.laszlo@gtk.szie.hu)
2. Laszlo Hajos, Professor, Faculty of Economics and Social Sciences, Szent István University, Hungary
3. Mahesh Kumar Singh , Professor, Szent Istvan University, Godallo, Hungary
4. Miklos Vasary, Assistant Professor, Faculty of Economics and Social Sciences, Szent István University, Hungary
5. Abha Kumar, Research Scholar, GGSIP University, Delhi, India

In the coming decades, the size and age-structure of Europe’s population will undergo dramatic changes due to low fertility rates, continuous increases in life expectancy and the retirement of the baby-boom generation. Ageing populations will pose major economic, budgetary and social challenges. It is expected to have a significant impact on growth and lead to significant pressures to increase public spending. This will make it difficult for Member States to maintain sound and sustainable public finances in the long-term. Therefore in this paper we analyzed the ageing conditions and influent, changing factors the economical and social consequences. As an expressive result should be characterize the budgetarial and public spending conditions.

Keywords

Sustainability, Ageing, Public Finance, European Union.

  1. European Commission (2005), The Economic Impact of Ageing Populations in the EU25 Member States Economic Papers, No. 236.
  2. European Commission (2006), Global Population Ageing, Migration and European External Policies, November.
  3. European Commission (2008), The 2009 Ageing Report: Underlying Assumptions and Projection Methodologies European Economy, 7/2008.
  4. European Commission (2009a), Communication for the Spring European Council Driving European recovery, COM (2009) 114 Final.
  5. European Commission (2009b), Sustainability Report 2009, European Economy, 9/2009.
  6. European Commission (2009c): Communication from the Commission to the European Parliament and the Council, Long- term Sustainability of Public Finances for a Recovering Economy, COM (2009), 545/3.
  7. European Commission (2009d), Public Finances in EMU 2009, European Economy, 5/2009. Eurostat (2008), Population in Europe 2007: First Results, Statistics in Focus, 81/2008.
 
Bibliography
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  4. Zaidi A. (2008), Features and Challenges of Population Ageing: The European Perspective European Centre for Social Welfare Policy and Research, Vienna Policy Brief March (1) 2008.
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