Fiscal Reform Over Ten Years of Transition
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
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.
Series:
Working Paper No. 2000/113
Subject:
Economic sectors Expenditure Pension spending Privatization Revenue administration Tax administration core functions
English
Publication Date:
June 1, 2000
ISBN/ISSN:
9781451853698/1018-5941
Stock No:
WPIEA1132000
Pages:
31
Please address any questions about this title to publications@imf.org