Fiscal Policy and the Economic Restructuring of Economies in Transition

March 1, 1993

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper discusses major fiscal issues faced by the previously centrally planned economies in their transition to market economies. It focuses on three main topics: (a) the extent to which the budget deficit should be a guide to policy; (b) the reforms that must be carried out in tax legislation and tax administration; and (c) the required changes in public expenditure and in the setting up of institutions to manage public spending.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Government debt management, Public financial management (PFM), Revenue administration

Keywords: budget deficit, Budget planning and preparation, country, government, government assistance, government assumption, Government debt management, government encounter, nonessential government, sick pay, state enterprise, tax, tax issue, tax system, unemployment compensation, Western Europe, WP

Pages:
38
Volume:
1993
DOI:
https://doi.org/10.5089/9781451921205.001
Issue:
022
Series:
Working Paper No. 1993/022
Stock No:
WPIEA0221993
ISBN:
9781451921205
ISSN:
1018-5941

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Notes

Also published in Staff Papers, Vol. 40, No. 3, September 1993.

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