Fiscal Policy and the Economic Restructuring of Economies in Transition

Author/Editor:

Vito Tanzi

Publication Date:

March 1, 1993

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 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.

Series:

Working Paper No. 1993/022

Subject:

Budget planning and preparation Expenditure Fiscal policy Government debt management Public financial management (PFM) Revenue administration

Notes:

Also published in Staff Papers, Vol. 40, No. 3, September 1993.

English

Publication Date:

March 1, 1993

ISBN/ISSN:

9781451921205/1018-5941

Stock No:

WPIEA0221993

Pages:

38

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