The Role of Medium-Term Fiscal Frameworks for Transition Countries: The Case of Bulgaria

Balázs Horváth and Istvan P Szekely

Emerging Markets Finance and Trade, 2003, vol. 39, issue 1, 86-113

Abstract: This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union (EU). The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU membership. It presents an illustrative scenario for Bulgaria, utilizing a broad concept of net public debt.

Keywords: fiscal management; medium-term fiscal framework (search for similar items in EconPapers)
Date: 2003
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Working Paper: The Role of Medium-Term Fiscal Frameworks for Transition Countries: The Case of Bulgaria (2001)
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