TY  - BOOK
AU  - Tsyvinski,Aleh
AU  - Petri,Martin
AU  - Taube,Günther
AU  - Tsyvinski,Aleh
TI  - Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union
T2  - IMF Working Papers; Working Paper
SN  - 1451848064 :
SN  - 1018-5941
PY  - 2002///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Coal
KW  - imf
KW  - Fiscal Activities
KW  - Implicit Subsidies
KW  - Quasi-Fiscal Activities
KW  - Subsidies
KW  - Taxation
KW  - Azerbaijan
KW  - Ukraine
N2  - A decade into the transition, many of the successor states of the former Soviet Union (FSU) continue to use energy sector quasi-fiscal activities (QFAs), especially low energy prices and the toleration of payment arrears, to provide large implicit and untargeted subsidies. These activities disguise the overall size of the government, cause overconsumption and waste, and contribute to macroeconomic imbalances. This paper analyses such activities in FSU countries, with particular emphasis on two case studies (Azerbaijan and Ukraine). The paper's policy conclusions point to the need to increase energy prices, combined with a strengthening of safety nets to protect the poor, better enforcement of payment discipline, and more efforts to achieve fiscal transparency
UR  - http://elibrary.imf.org/view/IMF001/02053-9781451848069/02053-9781451848069/02053-9781451848069.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451848069
ER  -