Fiscal Policy and the Economic Restructuring of Economies in Transition
March 1, 1993
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Summary
This paper discusses major fiscal issues faced by the previously centrally planned economies in their transition to market economies. It focuses on three main topics: (a) the extent to which the budget deficit should be a guide to policy; (b) the reforms that must be carried out in tax legislation and tax administration; and (c) the required changes in public expenditure and in the setting up of institutions to manage public spending.
Subject: Budget planning and preparation, Expenditure, Fiscal policy, Government debt management, Public financial management (PFM), Revenue administration
Keywords: budget deficit, Budget planning and preparation, country, government, government assistance, government assumption, Government debt management, government encounter, nonessential government, sick pay, state enterprise, tax, tax issue, tax system, unemployment compensation, Western Europe, WP
Pages:
38
Volume:
1993
DOI:
Issue:
022
Series:
Working Paper No. 1993/022
Stock No:
WPIEA0221993
ISBN:
9781451921205
ISSN:
1018-5941
Notes
Also published in Staff Papers, Vol. 40, No. 3, September 1993.
