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A Cluster Analysis of Public Debt Management Efficiency and Fiscal Modernisation in the European Union

Artem FREIUK et al.

Journal of Applied Economic Sciences2026https://doi.org/10.57017/jaes.v21.2(92).09article
ABDC C
Weight
0.50

What the paper says

This study evaluates the efficiency of public debt management across European Union (EU) member states within the broader framework of public finance modernisation. As the Eurozone navigates post-pandemic recovery and shifting monetary policies, the ability of states to optimise debt structures has become a critical determinant of macroeconomic stability. Utilizing a multidimensional cluster analysis, the research categorizes EU countries based on debt-to-GDP ratios, servicing costs, and institutional fiscal strength.  The findings identify three distinct archetypes: "Fiscal Anchors" with high management efficiency, "Modernising Transnationals" with moderate leverage, and "Vulnerable Peripheral" economies facing structural debt pressures. The research demonstrates that modernizing public finance institutions is positively correlated with lower debt-servicing burdens and enhanced market credibility. The study concludes with policy recommendations for harmonising debt management strategies across the EU to ensure long-term fiscal sustainability and economic resilience.Copyright© 2026 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.Article’s History: Received 15th of December, 2025; Revised 19th of January, 2026; Accepted 1st of March, 2026; Available online: 30th of March, 2026. Published as article in the Volume XXI, Spring, Issue 2(92), March, 2026.

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https://doi.org/https://doi.org/10.57017/jaes.v21.2(92).09

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@article{artem2026,
  title        = {{A Cluster Analysis of Public Debt Management Efficiency and Fiscal Modernisation in the European Union}},
  author       = {Artem FREIUK et al.},
  journal      = {Journal of Applied Economic Sciences},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.57017/jaes.v21.2(92).09},
}

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A Cluster Analysis of Public Debt Management Efficiency and Fiscal Modernisation in the European Union

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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