Czech Republic: Selected Issues in Fiscal Policy Reform

International Monetary Fund

No 2007/085, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines two key questions on fiscal policy reform in the Czech Republic. First, how can the fiscal institutional framework be strengthened to maintain discipline and enhance transparency? Second, what are the priorities in expenditure reform that can be implemented without sacrificing the quality of spending? The paper discusses the recent Czech experience with the medium-term expenditure framework and some proposals for strengthening it. It also discusses cross-country analyses of spending efficiency and flexibility, and proposes areas for fiscal adjustment that reduce inefficiencies.

Keywords: ISCR; CR; expenditure reform priority; spending; EU fund; EU transfer; chapter III; expenditure restructuring; benefit spending; Fiscal stance; Budget planning and preparation; Eastern Europe (search for similar items in EconPapers)
Pages: 66
Date: 2007-02-28
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