Priorities for Further Fiscal Reforms in the Commonwealth of Independent States

October 1, 2003

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Format: Chicago

Henri Lorie. Priorities for Further Fiscal Reforms in the Commonwealth of Independent States, (USA: International Monetary Fund, 2003) accessed November 24, 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

Building on the substantial progress made in establishing fiscal systems consistent with market economies, the paper identifies priorities for further fiscal structural reforms among the Commonwealth of Independent States (CIS) countries. Activities of extra budgetary accounts and quasi-fiscal activities need to be brought into the budget framework. Although there is room for improvements, the CIS countries now have, broadly, levels of tax revenues and expenditures not out of line with the international norm, taking into account income levels. The main challenges they face are to further increase the market friendliness of taxation and to implement an efficiency-improving structural reform of the expenditure system while strengthening control and accountability.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Public financial management (PFM), Revenue administration, Tax administration core functions

Keywords: Budget planning and preparation, Central Asia, Central Asia and the Caucasus, CIS country, CIS dummy variable, Contingent government liability, Country, Eastern Europe, Enterprise, Fiscal Reforms, Former Soviet Union, General government expenditure, Global, Government, Government control, Government policy priority, State budget, Tax administration core functions, Tax authorities, Tax revenue, Transition countries group characteristic, Transition country, Wage, WP

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2003/209
Stock No:

WPIEA2092003
ISBN:

9781451874778
ISSN:

1018-5941

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