Fiscal Reform Over Ten Years of Transition

George Tsibouris and Vito Tanzi

No 2000/113, IMF Working Papers from International Monetary Fund

Abstract: This paper analyzes fiscal reforms in transition economies during the decade leading up to 1998. The paper argues that macroeconomic stabilization, price liberalization and privatization—the core reforms visualized by the shock therapy approach—are necessary but not sufficient conditions for a complete transition to a market economy. Further deep changes—such as the creation of new fiscal institutions, changes in incentives and processes, and changes in the role of government—are needed.

Keywords: WP; tax system; government sector; transition country; General government expenditure; tax revenue; Fiscal policy; fiscal reform; transition; government role; wage bill; general government balance; government apparatus; private sector; government operation; government priority; Tax administration core functions; Privatization; Pension spending; Baltics; Eastern Europe (search for similar items in EconPapers)
Pages: 31
Date: 2000-06-01
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Citations: View citations in EconPapers (23)

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