Fiscal Reform Over Ten Years of Transition

June 1, 2000

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Format: Chicago

George C. Tsibouris, and Vito Tanzi. Fiscal Reform Over Ten Years of Transition, (USA: International Monetary Fund, 2000) accessed December 26, 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 analyzes fiscal reforms in transition economies during the decade leading up to 1998. The paper argues that macroeconomic stabilization, price liberalization and privatization—the core reforms visualized by the shock therapy approach—are necessary but not sufficient conditions for a complete transition to a market economy. Further deep changes—such as the creation of new fiscal institutions, changes in incentives and processes, and changes in the role of government—are needed.

Subject: Economic sectors, Expenditure, Pension spending, Privatization, Revenue administration, Tax administration core functions

Keywords: Baltics, Eastern Europe, Fiscal policy, Fiscal reform, General government balance, General government expenditure, Government apparatus, Government operation, Government priority, Government role, Government sector, Pension spending, Private sector, Privatization, Tax administration core functions, Tax revenue, Tax system, Transition, Transition country, Wage bill, WP

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2000/113
Stock No:

WPIEA1132000
ISBN:

9781451853698
ISSN:

1018-5941

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