Abstract: Science Set Journal of Economics Research

Abstract:
This paper aims to examine the administrative deficit in public sector, in Greece, through court decisions of the Hellenic Court of Audit, which is the Greek Supreme Financial Court. Specifically, we present the concept of man agement deficit created from the accounting officer, which is divided into substantiative (or real) deficit and formal (or typical) deficit, examples of both categories and how principle of proportionality applies to each category of public deficit, depending on its distinctive characteristics. We also analyze the consequences of the public deficit to the State, the State’s damage, the imputation procedure on the person accountable and the statue of limitation for imputing a deficit. Finally, we compare and we distinguish the concept of deficit from the concept consequential loss and the concept of 'stumbling block'.