Payment Arrears in the Gas and Electric Power Sectors of the Russian Federation and Ukraine

December 1, 1997

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Format: Chicago

Emine Gürgen, and Hrant Bagratian. Payment Arrears in the Gas and Electric Power Sectors of the Russian Federation and Ukraine, (USA: International Monetary Fund, 1997) accessed December 22, 2024

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 payments arrears in the Russian Federation and Ukraine, with emphasis on the gas and electric power sectors. Payments arrears, which were triggered primarily by the dislocations experienced during the transition from a centrally planned to a market economy, have reached significant proportions in these two countries. Governments have aggravated the problem by not honoring their own bills and by condoning payments arrears outside the budget. The paper argues that the solution to the problem lies in the implementation of comprehensive systemic reforms and outlines possible measures.

Subject: Arrears, Economic sectors, Energy pricing, Energy sector, Environment, Expenditure, External debt, National accounts, Renewable energy, Transportation

Keywords: Accounts payable, Accounts receivable, Arrears, Baltics, Eastern Europe, Electric power, Energy pricing, Energy sector, Enterprise, Gas, Gas subsidy policy, Government, Government interference, Payment, Payments Arrears, Renewable energy, Russian Federation, Transportation, Ukraine, WP

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1997/162
Stock No:

WPIEA1621997
ISBN:

9781451981117
ISSN:

1018-5941

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