Fiscal Reform Over Ten Years of Transition
June 1, 2000
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Summary
This paper analyzes fiscal reforms in transition economies during the decade leading up to 1998. The paper argues that macroeconomic stabilization, price liberalization and privatization—the core reforms visualized by the shock therapy approach—are necessary but not sufficient conditions for a complete transition to a market economy. Further deep changes—such as the creation of new fiscal institutions, changes in incentives and processes, and changes in the role of government—are needed.
Subject: Economic sectors, Expenditure, Pension spending, Privatization, Revenue administration, Tax administration core functions
Keywords: Baltics, Eastern Europe, Fiscal policy, fiscal reform, general government balance, General government expenditure, government apparatus, government operation, government priority, government role, government sector, Pension spending, private sector, Privatization, Tax administration core functions, tax revenue, tax system, transition, transition country, wage bill, WP
Pages:
31
Volume:
2000
DOI:
Issue:
113
Series:
Working Paper No. 2000/113
Stock No:
WPIEA1132000
ISBN:
9781451853698
ISSN:
1018-5941
