PUBLIC DEBT VS. FINANCING MILITARY ACTIVITIES

The training, equipping and remuneration of the military, the endowment of the forces with modern capabilities, the provision of the necessary materials and logistics, participation in international missions requires considerable financial resources, which is why the economy has always constituted and will be one of the pillars of building a credible military power the EU area and achieving a sufficient level of security at national, regional or international level. Supporting a certain level of military power in the EU states is extremely difficult without an adequate level of economic power, which is why optimal solutions must be found to increase the capacity of the armed forces, including identifying the most appropriate sources of funding. Taking into account the contradictory results obtained by the specialists in the field of financing the armed forces and the relation between the public debt and the cost of this financing, we considered it appropriate to carry out a qualitative study to bring to light the trends identified in the literature in this respect. The paper aims to highlight the link between public debt and the cost of military funding in EU space. Given the importance of the relationship between public debt and the cost of financing the army, we have considered that the second appropriate objective is the link between the two notions in the opinion of the authors in the field. The working method used is documentary research and qualitative analysis based on specialized software. Building the code matrix has allowed us to notice that a number of concepts such as defense financing / military funding costs are interconnected by public debt and economic growth. This allows us to appreciate that the majority of the authors of the analyzed studies associate the economic growth and the increase of the debts of the states with the need to finance the military activities. Taking into account the results obtained, we appreciate that defense is and will continue to remain a major point of financing on the agenda of current European governments, especially in developed countries where the need for arming is dictated by their role in regional and / or international bodies. The link between economic growth and the armed forces is all the more evident as the new free market principles are also applied in the military, so investment efficiency and other project efficiency indicators are growing.