The Role of Medium-Term Fiscal Frameworks for Transition Countries: The Case of Bulgaria
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Summary:
This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU membership. It presents an illustrative scenario for Bulgaria, utilizing a broad concept of net public debt.
Series:
Working Paper No. 2001/011
Subject:
Budget planning and preparation Expenditure Fiscal policy Medium-term budget frameworks Public debt Public financial management (PFM)
English
Publication Date:
January 1, 2001
ISBN/ISSN:
9781451842784/1018-5941
Stock No:
WPIEA0112001
Pages:
31
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