Analysis and Econometric Modelling of the Fiscal Sector in the Slovak Republic

Michal Olexa
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Michal Olexa: Macroeconomic Analyses Division, INFOSTAT - Institute of Informatics and Statistics, Bratislava, Slovak Republic

No 2, Transition Economics Series from Institute for Advanced Studies

Abstract: For the modern history of the SR, the state budget data from the period of CSFR are not relevant according to the existence of two republic budgets with strong mutual relations and two-way flows. In 1996, a new budget composition based on foreign experiences was introduced. The first two parts of the study contain analyses of the revenue and expenditure side during the period 1993-1997. The third part presents an econometric submodel of the fiscal sector of the SR which consists of 15 equations; 6 of them dealing with the tax revenue items of the state budget (taxes on income of natural persons, taxes on income of legal entities, value added tax, excise taxes, customs duty, and import surcharge) are of the stochastic type. This submodel will be incorporated into the quarterly econometric model of the Slovak economy.

Keywords: State Budget; Revenue and Expenditure; Regression Equation; Econometric Model (search for similar items in EconPapers)
JEL-codes: C32 C35 C51 E62 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1999-01
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https://irihs.ihs.ac.at/id/eprint/1120 First version, 1999 (application/pdf)

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