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

31 Pages Posted: 30 Jan 2006

See all articles by Balazs Horvath

Balazs Horvath

International Monetary Fund (IMF) - European Department

István P. Székely

European Commission, DGECFIN; Corvinus University of Budapest

Date Written: January 2001

Abstract

This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. 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

JEL Classification: H60, H61, H10

Suggested Citation

Horvath, Balazs and Szekely, Istvan P., The Role of Medium-Term Fiscal Frameworks for Transition Countries: The Case of Bulgaria (January 2001). IMF Working Paper No. 01/11. Available at SSRN: https://ssrn.com/abstract=879332

Balazs Horvath (Contact Author)

International Monetary Fund (IMF) - European Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Istvan P. Szekely

European Commission, DGECFIN ( email )

CHAR 15/216
Brussels, Bruxelles B-1040
Belgium
+3222958674 (Phone)

Corvinus University of Budapest ( email )

Budapest
Hungary

HOME PAGE: http://www.uni-corvinus.hu/index.php?id=22061

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