Quasi-Fiscal Deficit in Non-Financial Enterprises
January 1, 2007
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Summary
This paper discusses two ways of evaluating the quasi-fiscal deficit (QFD) and the link between them. It also suggests how to properly account for the QFD when calculating the overall deficit of the public sector. Finally, using an example of the energy market, it shows how to untangle a web of mutual nonpayments and properly evaluate the QFD generated in a sector characterized by the presence of both private and public agents.
Subject: Arrears, Budget planning and preparation, Economic sectors, External debt, Government debt management, Public enterprises, Public financial management (PFM), Public sector
Keywords: Arrears, budget deficit, Budget planning and preparation, enterprise E, generating company, Government debt management, implicit subsidies, nonfinancial enterprise, payment arrears, payment collection ratio, Public sector, quasi-fiscal deficit, tax arrears, utility company, WP
Pages:
13
Volume:
2007
DOI:
Issue:
010
Series:
Working Paper No. 2007/010
Stock No:
WPIEA2007010
ISBN:
9781451865745
ISSN:
1018-5941
