Aspects of Fiscal Performance in Some Transition Economies Under Fund-Supported Programs
IMF Working Papers, April 1, 1997
Source details
- Canonical URL
- Aspects of Fiscal Performance in Some Transition Economies Under Fund-Supported Programs
Other formats
Bibliographic details
- Authors: Willem H. Buiter
- Published: April 1, 1997
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451980073.001
Overview / Summary
- Key medium– and longer–term fiscal issues faced by transition economies are reviewed, including government solvency and the sustainability of the fiscal–financial–monetary program.
- The paper aims to assist the design and implementation of future Fund programs and to contribute to the debate about fiscal policy in transition economies.
- The lessons from this study are summarized in a number of propositions.
Framework and Numerical Material
- Presents a framework for evaluating the sustainability of the fiscal–financial–monetary program of the state.
- Provides numerical material on:
- public debt,
- (quasi–) fiscal deficits,
- monetary financing.
Eight Budgetary Issues of Special Relevance
- Considers eight budgetary issues of special relevance to transition economies (issues enumerated in the source; detailed content resides in the full paper).
Lessons and Policy Implications
- Lessons from the study are summarized in a number of propositions (propositions stated in the full paper).
- Intended to assist:
- the design and implementation of future Fund programs,
- the debate about fiscal policy in transition economies.
Content in this bundle
- Aspects of Fiscal Performance in some Transition Economics Under Fund-Supported Programs - WP/97/31