Quasi-Fiscal Deficit in Non-Financial Enterprises
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper discusses two ways of evaluating the quasi-fiscal deficit (QFD) and the link between them. It also suggests how to properly account for the QFD when calculating the overall deficit of the public sector. Finally, using an example of the energy market, it shows how to untangle a web of mutual nonpayments and properly evaluate the QFD generated in a sector characterized by the presence of both private and public agents.
Series:
Working Paper No. 2007/010
Subject:
Arrears Budget planning and preparation Economic sectors External debt Government debt management Public enterprises Public financial management (PFM) Public sector
English
Publication Date:
January 1, 2007
ISBN/ISSN:
9781451865745/1018-5941
Stock No:
WPIEA2007010
Pages:
13
Please address any questions about this title to publications@imf.org