The Problem of Public Debt (The Case of Visegrad Group Countries)

Abstract

The present paper concerns a crucial problem of contemporary public finances, that is the public debt. The article aims, first of all, at the presentation of the scale and reasons for the public debt in the Visegrad Group countries. Apart from the definition, the causes and methods of incurring debt, the present paper demonstrates the acceptable limits of being indebted. In order to achieve such aims, comparative and statistical analysis has been applied.