Title: Role and impact of public debt in financing budget deficit and economic growth - with special study in Kosovo

Authors: Refik Kryeziu

Addresses: Faculty of Economics, 'Kadri Zeka' University, Str. 'Zija Shemsiu' nn, Gjilan, Kosovo

Abstract: In this paper, we present the processes of public debt development in Kosovo for the period of its functioning, respectively from 2009 until 2018. There is no long history of it, but there is a dynamic constant growth. The methodology used in this paper is based on empirical study analysis, and the scientific literature we have elaborated has found that many thinkers who support public debt support. With arguments justify this non-fiscal instrument to finance the budget deficit and some of them even object. The findings show that in addition to the international debt with 42% share, in 2012, the domestic debt began to function, with securities issuing at 58%. Along with the country's economic growth, Kosovo has also increased budget, and GDP growth.

Keywords: public finances; public debt; deficit; economic growth; Kosovo.

DOI: 10.1504/IJPSPM.2021.116377

International Journal of Public Sector Performance Management, 2021 Vol.7 No.4, pp.461 - 470

Received: 23 Aug 2019
Accepted: 17 Oct 2019
Published online: 22 Jul 2021 *

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