Quasi-Fiscal Deficit in Non-Financial Enterprises [electronic resource] / Robert Tchaidze.
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TextSeries: IMF Working Papers; Working Paper ; No. 07/10Publication details: Washington, D.C. : International Monetary Fund, 2007Description: 1 online resource (13 p.)ISBN: 1451865740 :ISSN: 1018-5941Subject(s): Budget Deficit | Fiscal Deficit | Implicit Subsidies | National Deficit Surplus | Payment Arrears | Quasi-Fiscal Activities | Ghana | Mali | UkraineAdditional physical formats: Print Version:: Quasi-Fiscal Deficit in Non-Financial EnterprisesOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
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