Social transfer expenditures in Republic of Macedonia, South East European countries and EU countries
Journal
Economic Development, Journal of the Institute of Economics
Date Issued
2016-06
Author(s)
Petkovska Mirchevska, Tatjana
Abstract
Social transfers and expenditures as a form of social protection are
essential for each economy and society to function properly. Social transfers
as a form of social protection can vary in dependence of the economic system
and development of the country, but initially their purpose is relatively the
same. Tackling poverty and enabling efficient social redistribution of the
income among the households are one of the main results of the existence of
an efficient social protection system. The economies of today are confronted
with a serious challenge of tackling the rising poverty and income inequality
in the world and one of the means of achieving that is through the social
transfer system. In this article a comparison analysis is made between the social transfer
expenditures of Republic of Macedonia, South East European countries and
EU countries in order to determine the trends and amount of social transfer expenditures in the countries. From the research in this paper it can be seen
that Republic of Macedonia has considerably smaller social transfers per
capita compared to other countries taken into consideration for the research.
More so Republic of Macedonia is the only country form the countries that
are part of the comparison analysis that accomplishes negative growth of the
social transfer expenditures as a percentage of GDP in the period of year 2001
till year 2014. Knowing the fact that the more equal distribution of assets
in a current country can lead to increased consumption, sustainable growth
and increases social welfare, Republic of Macedonia can do better if the
expenditures for social transfers as a percentage of the GDP are to increase,
even on expense on some other public or budget expenditures.
essential for each economy and society to function properly. Social transfers
as a form of social protection can vary in dependence of the economic system
and development of the country, but initially their purpose is relatively the
same. Tackling poverty and enabling efficient social redistribution of the
income among the households are one of the main results of the existence of
an efficient social protection system. The economies of today are confronted
with a serious challenge of tackling the rising poverty and income inequality
in the world and one of the means of achieving that is through the social
transfer system. In this article a comparison analysis is made between the social transfer
expenditures of Republic of Macedonia, South East European countries and
EU countries in order to determine the trends and amount of social transfer expenditures in the countries. From the research in this paper it can be seen
that Republic of Macedonia has considerably smaller social transfers per
capita compared to other countries taken into consideration for the research.
More so Republic of Macedonia is the only country form the countries that
are part of the comparison analysis that accomplishes negative growth of the
social transfer expenditures as a percentage of GDP in the period of year 2001
till year 2014. Knowing the fact that the more equal distribution of assets
in a current country can lead to increased consumption, sustainable growth
and increases social welfare, Republic of Macedonia can do better if the
expenditures for social transfers as a percentage of the GDP are to increase,
even on expense on some other public or budget expenditures.
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