Third, control spending and poor debt management, not tight, even being tossed, plus bad losses and waste in investment and spending, along with worse corruption developed also became the cause no less important.Spending too much due to the increased spending from the State budget, salaries and costs for the operation of the State apparatus at all levels increasingly tend to inflate, spent on programs of economic, social, cultural, education, health, security, defense, development of infrastructure, constantly increase ... in particular, the consequences of the global financial crisis has forced the State to spend a lot to economic recovery after the recession, while the revenues (mostly from tax) increase does not keep up with demand, even some kind of pressure to cut its tariffs due to many different causes (such as tariffs and customs fees of most countries to cut or removed in accordance with the provisions of the WTO and other trade agreements). The u.s. Government is not taxed and therefore, America's budget revenues from lower taxes so much, only about 30% of GDP compared to approximately 40% of the GDP in other developed countries.While the management of revenues, especially from tax to meet difficulties in many countries due to tax evasion, bribery, corruption, currency control and handle not strictly by the relevant authorities. The currency was not sufficient to offset the excessive spending forced the Government to go for a loan through a variety of forms (such as releasing funds, bonds, credit, etc.) in order to compensate, which led to budget deficits and public debt. When prolonged budget deficit led to increasing public debt.Other causes that led to the debt crisis in Europe stems from loose fiscal policies, lack of consistency, not only cause economic instability, declining trust and high tension on the financial markets, but also created the implications on society. With each country, cause that is due to the ability of governance weaknesses, lack of reasonable expenses, or loss of control of the lending operations of the banking system. With the whole EU area, it is the habit of "spending more than you earn" lasted on welfare systems and bigger. To deal with the world financial crisis of 2008, European borrowed excessively easy, not compatible with economic growth and thus pushing the State budget deficit and public debt levels are falling fast, beyond control.
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