The Baltics: Medium-Term Fiscal Issues Related to EU and NATO Accession
IMF Staff Country Reports, January 24, 2002
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- The Baltics: Medium-Term Fiscal Issues Related to EU and NATO Accession
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Bibliographic details
- Published: January 24, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805369.002
Overview
- Paper analyzes medium-term fiscal issues related to European Union (EU) and NATO accession for the Baltic countries.
- Supports the Baltic authorities’ intention to aim at balancing their budgets over the economic cycle.
- Describes the Baltics’ current fiscal position and structure.
- Reviews theory and empirical evidence of the possible macroeconomic benefits of fiscal adjustment.
- Reviews the experience of earlier EU accession countries prior to and after their accession.
- Presents the medium-term fiscal frameworks.
Major Findings and Analytical Themes
- Fiscal stance:
- Endorses the objective of balancing budgets over the economic cycle.
- Fiscal structure and position:
- Describes the Baltics’ current fiscal position and structure (details in full report).
- Macroeconomic benefits:
- Reviews theoretical and empirical evidence on possible macroeconomic benefits of fiscal adjustment.
- Accession experience:
- Reviews experience of earlier EU accession countries both prior to and after accession.
- Medium-term frameworks:
- Medium-term fiscal frameworks for the Baltics are presented.
Subjects and Keywords (as provided)
- Subject: Budget planning and preparation, Expenditure, Fiscal policy, Fiscal stance, Public debt, Revenue administration
- Keywords: accession candidate, Baltics, Central and Eastern Europe, CR, economic growth, EU accession, EU budget, EU grant, Fiscal stance, ISCR, public spending, real GDP, total spending
Content in this bundle
- The Baltics: Medium-Term Fiscal Issues Related to EU and NATO Accession - ISCR/02/7