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Fiscal adjustment and contingent government liabilities : case studies of the Czech Republic and Macedonia (1999)

Brixi, Hana Polackova. ; Ghanem, Hafez. ; Islam, Roumeen. ; [weitere]

Washington, DC :World Bank, Europe and Central Asia Region, Poverty Reduction and Economic Management Sector Unit :

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Details

UID:

almafu_9958094649802883

Umfang: 41 pages : , illustrations ; , 28 cm.

Serie: Policy research working paper ; 2177

Inhalt: Governments' contingent liabilities increase fiscal vulnerability, but are omitted in traditional measures of the current deficit. In the Czech Republic this omission may mean that fiscal adjustment has been overstated by 3 to 4 percent of annual GDP, with future budgets having to pay for past guarantees. The stock of existing contingent liabilities in Macedonia could add 2 to 4 percent of GDP to that country's future deficits.

Anmerkung: "September 1999"--Cover. , Also available in printing.

Sprache: Englisch

URL: Volltext (URL des Erstveröffentlichers)

URL: Volltext (Deutschlandweit zugänglich)

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