Fiscal Reform in European Economies in Transition

April 1, 1991

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Format: Chicago

George Kopits. Fiscal Reform in European Economies in Transition, (USA: International Monetary Fund, 1991) accessed September 19, 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

Most European economies in transition are engaged in public sector reform aimed mainly at replacing the previous fiscal system subordinated to the central plan with a system where fiscal instruments can make a distinct contribution to stabilization, equity, and efficiency. This paper examines past progress and future tasks in major reform areas: taxation, subsidies, social security, public investment, public enterprises, government debt, and intergovernmental relations. An overview of the fiscal reform process suggests that the contraction and restructuring of government operations are not likely to materialize soon and that there is a serious risk of widening fiscal imbalances during the transition.

Subject: Expenditure, Fiscal policy, Income and capital gains taxes, Income tax systems, Revenue administration, Taxes

Keywords: A number of countries enterprise taxation, A number of government function, Authorities endeavor, Coneingent government liability, Eastern Europe, Enterprise council, Enterprise transfer, Exchange rate, Government expenditure consist, Government finances, Government operation, Government outlay, Income and capital gains taxes, Income tax systems, Loss-making enterprise, Personal income, Socialized enterprise, Western Europe, WP

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1991/043
Stock No:

WPIEA0431991
ISBN:

9781451846256
ISSN:

1018-5941

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