Fiscal Deficit and Public Debt in the Western Balkans: 15 Years of Economic Transition

Author/Editor:

Zsoka Koczan

Publication Date:

July 24, 2015

Electronic Access:

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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:

In this paper we analyze how Western Balkans public finances adapted to the boom-bust cycle. Large capital inflows into emerging European economies during the mid-2000s resulted in rapid economic growth and convergence to EU income levels. This also resulted in improved fiscal positions of most countries, on the back of strong revenue performance. Yet, since the onset of the global economic crisis, many countries have struggled to adjust to the new situation of lower external financing and lower growth.

Series:

Working Paper No. 2015/172

Subject:

Expenditure Fiscal policy Public debt Revenue administration Total expenditures

English

Publication Date:

July 24, 2015

ISBN/ISSN:

9781513566399/1018-5941

Stock No:

WPIEA2015172

Pages:

20

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