Fiscal Transition in Countries of the Former Soviet Union : An Interim Assessment /

This paper reviews the uneven record of fiscal performance in the states of the former Soviet Union since independence. Deficits have come down rapidly, an important contribution to stabilization. Given, however, the unexpectedly severe revenue decline and limited financing, the stabilization was re...

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Главный автор: Davis, Jeffrey
Другие авторы: Cheasty, A.
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 1996.
Серии:IMF Working Papers; Working Paper ; No. 1996/061
Online-ссылка:Full text available on IMF
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245 1 0 |a Fiscal Transition in Countries of the Former Soviet Union :   |b An Interim Assessment /  |c Jeffrey Davis, A Cheasty. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper reviews the uneven record of fiscal performance in the states of the former Soviet Union since independence. Deficits have come down rapidly, an important contribution to stabilization. Given, however, the unexpectedly severe revenue decline and limited financing, the stabilization was reached by sharp cuts in expenditure. The cuts were abrupt and not focused on transition goals, and the instruments used vitiated normal budgetary processes. Hence, benchmarks of fiscal success other than stabilization are elusive. Government intervention and subsidies remain important, social spending is inefficient, and there is little evidence in the budget of restructuring. 
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700 1 |a Cheasty, A. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/061 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1996/061/001.1996.issue-061-en.xml  |z IMF e-Library