Year 2021, Issue 3

Date published

28.9.2021

Table of content

  • Maya Tsoklinova
    Comparative Analysis of Expenditure in the Central Government Subsector of Bulgaria and Greece according to COFOG for the Period 1998-2018
    JEL: H5, H50
    Summary: It is essential to study and analyse government expenditure in order to identify trends in their development. Periodic reporting of trends in government expenditure allows economic agents to plan their business actions on the basis... It is essential to study and analyse government expenditure in order to identify trends in their development. Periodic reporting of trends in government expenditure allows economic agents to plan their business actions on the basis of objective information, reducing the uncertainty of the economic system. In addition, measuring the changes in the structure of government expenditures (especially the expenditures of the Central Government subsector by function of Classification of the functions of government (COFOG)) allows revealing the priorities in the provision of public goods. The goal of the article is to make a comparative analysis of the expenditure of the subsector "Central government" by functions of COFOG of Bulgaria and Greece and on this basis to reveal the trends in their development, as well as to highlight the differences in spending policies between the two countries.
  • Siyka Kovacheva, Donka Keskinova
    Public Attitudes towards European Social Policy (according To ESS 8 Wave)
    JEL: H55, H59
    Summary: Social policy is often overlooked in public discourses over European integration despite that it is a significant instrument for raising its legitimacy. On the basis of systematic analysis of mass attitudes to European unification,... Social policy is often overlooked in public discourses over European integration despite that it is a significant instrument for raising its legitimacy. On the basis of systematic analysis of mass attitudes to European unification, measured in the 8th wave of European Social Survey (ESS), this paper shows that in the EC as a whole European tend to support the introduction of an all-European scheme for social assistance and to consider that more decisions taken on the supranational level will improve social security for all. At the level of the separate countries the citizens are divided in their preferences for a national or a supranational European social security system. On the individual level, the low-status groups are more inclined to support all-European social measures than the citizens at the higher ranks of the social hierarchy. The expansion of integration towards a more pro-active supranational social policy will secure the support precisely of the groups who today feel left behind in the European project.
  • Yordan Stefanov Yordanov, Zhaneta Angelova
    The Public Pension System in the Conditions of Covid-19 Short-Term Effects and Long-Term Challenges
    JEL: H55
    Summary: The emergence and spread of Covid - 19 in late 2019 and early 2020 posed an unexpected challenge to the development and progress of modern society. A series of restrictions aimed at limiting the spread of the disease have had an... The emergence and spread of Covid - 19 in late 2019 and early 2020 posed an unexpected challenge to the development and progress of modern society. A series of restrictions aimed at limiting the spread of the disease have had an adverse effect, both economically and socially. Overcoming the unfavourable consequences of the pandemic is becoming a priority for the development of modern society, engaging a significant amount of public resources and testing the mechanisms of social protection systems. The aim of this study is to highlight the short-term effects and long-term challenges facing the public pension system in pandemic and post-pandemic environments, as a basis for outlining the directions of its development and improvement.
  • Zhaneta Angelova
    Approaches and Practice in Determining the Social Security Contribution to Public Social Insurance
    JEL: 55
    Summary: The social security contribution is a key element of the mechanism of functioning of public social insurance and it has decisive importance with regard to its financial organisation. It is the main and typical source of income of... The social security contribution is a key element of the mechanism of functioning of public social insurance and it has decisive importance with regard to its financial organisation. It is the main and typical source of income of any insurance system. The social security contribution is defined as a percentage of the received labour income and represents a general average value, corresponding to the average risk for the pool and it is due only for income from personal labour activity, with regularity and periodicity arising from the regularity and periodicity of the received personal job income. The aim of the paper is to outline the guidelines for development and improvement of the organisation of the social security contribution in the public social insurance in Bulgaria, taking into account the approaches and the practice of determining the social insurance contributions in some EU countries.
  • Vladimir Sirkarov
    Optimization of Monetary Aggregates from the Point of View of the Austrian Monetary Theory - Possibilities and Effects
    Summary: The money supply is calculated by different monetary aggregates with a certain structure and scope. The Federal Reserve calculates and publishes two units - M1 and M2. The correct measurement of money supply plays a fundamental role... The money supply is calculated by different monetary aggregates with a certain structure and scope. The Federal Reserve calculates and publishes two units - M1 and M2. The correct measurement of money supply plays a fundamental role in the conduct of effective monetary policy by central banks. Unfortunately, official monetary aggregates do not have a clearly defined theoretical basis in the selection of individual components, which can lead to inaccuracies in their disclosure and management. This makes the current study relevant, through which an optimized monetary aggregate can be presented, based on the Austrian monetary theory. One of the most accurate monetary aggregates is based on the Rothbard-Salerno concept and is referred to in English-language financial theory as True Money Supply (TMS). The monetary instruments that are part of it cover two main criteria - whether they are the final means of payment of all transactions and whether they are a claim to cash that is convertible at face value.
  • Hristo Sirashki
    International Conference (Project ECVET)
    Summary: ... -