000 02456nam a22004214a 4500
001 WPIEA0541993
003 IMF
005 20190405153447.0
006 m o d
007 cr cn|||||||||
008 020129s1993 dcu o i00 0 eng d
020 _a1451847440 :
_c15.00 USD
020 _z9781451847444
022 _a1018-5941
024 7 _a10.5089/9781451847444.001
_2doi
035 _a(IMF)WPIEA0541993
040 _aDcWaIMF
_beng
100 1 _aKopits, George.
245 1 0 _aLessons in Fiscal Consolidation for the Successor States of the Soviet Union
_h[electronic resource] /
_cGeorge Kopits.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c1993.
300 _a1 online resource (26 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 93/54
520 3 _aThis paper reviews lessons in fiscal consolidation for the former Soviet Union that emerge from the experience of Central and Eastern European economies in transition. A central lesson is the need to support the macroeconomic stabilization with a front-loaded fiscal adjustment. Consistent with this adjustment path, structural reform in the tax and expenditure areas should be aimed at allocative efficiency and fairness, and its sequencing be predicated largely on administrative constraints. In the face of the uncertainty of fiscal projections, formulation of contingency measures is necessary. In addition, elimination of submerged fiscal imbalances, stemming from quasi-fiscal activities of state-owned nonfinancial enterprises and financial institutions, is just as important as correcting the measured budget deficit.
588 _aDescription based on print version record.
650 7 _aBenefits
_2imf
650 7 _aBudget Deficit
_2imf
650 7 _aFiscal Activities
_2imf
650 7 _aQuasi-Fiscal Activities
_2imf
650 7 _aWage
_2imf
651 7 _aAlbania
_2imf
651 7 _aBulgaria
_2imf
651 7 _aCzech Republic
_2imf
651 7 _aHungary
_2imf
651 7 _aPoland
_2imf
776 0 8 _iPrint Version:
_aKopits, George.
_tLessons in Fiscal Consolidation for the Successor States of the Soviet Union
_dWashington, D.C. : International Monetary Fund, 1993.
_z9781451847444
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 93/54
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/04275-9781451847444/04275-9781451847444/04275-9781451847444.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781451847444
_zIMF Book Store
999 _c147815
_d147815