Fiscal Reform in European Economies in Transition

42 Pages Posted: 15 Feb 2006

See all articles by George Kopits

George Kopits

International Monetary Fund (IMF)

Date Written: April 1991

Abstract

Most European economies in transition are engaged in public sector reform aimed mainly at replacing the previous fiscal system subordinated to the central plan with a system where fiscal instruments can make a distinct contribution to stabilization, equity, and efficiency. This paper examines past progress and future tasks in major reform areas: taxation, subsidies, social security, public investment, public enterprises, government debt, and intergovernmental relations. An overview of the fiscal reform process suggests that the contraction and restructuring of government operations are not likely to materialize soon and that there is a serious risk of widening fiscal imbalances during the transition.

JEL Classification: H2, H5, H6, P3

Suggested Citation

Kopits, George, Fiscal Reform in European Economies in Transition (April 1991). IMF Working Paper No. 91/43, Available at SSRN: https://ssrn.com/abstract=884779

George Kopits (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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