Priorities for Further Fiscal Reforms in the Commonwealth of Independent States PDF Download
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Author: Mr.Henri Lorie
Publisher: International Monetary Fund
ISBN: 1451874774
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
Building on the substantial progress made in establishing fiscal systems consistent with market economies, the paper identifies priorities for further fiscal structural reforms among the Commonwealth of Independent States (CIS) countries. Activities of extra budgetary accounts and quasi-fiscal activities need to be brought into the budget framework. Although there is room for improvements, the CIS countries now have, broadly, levels of tax revenues and expenditures not out of line with the international norm, taking into account income levels. The main challenges they face are to further increase the market friendliness of taxation and to implement an efficiency-improving structural reform of the expenditure system while strengthening control and accountability.
Author: Mr.Henri Lorie
Publisher: International Monetary Fund
ISBN: 1451874774
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
Building on the substantial progress made in establishing fiscal systems consistent with market economies, the paper identifies priorities for further fiscal structural reforms among the Commonwealth of Independent States (CIS) countries. Activities of extra budgetary accounts and quasi-fiscal activities need to be brought into the budget framework. Although there is room for improvements, the CIS countries now have, broadly, levels of tax revenues and expenditures not out of line with the international norm, taking into account income levels. The main challenges they face are to further increase the market friendliness of taxation and to implement an efficiency-improving structural reform of the expenditure system while strengthening control and accountability.
Author: Martin Brownbridge
Publisher: World Bank Publications
ISBN:
Category : Access to Finance
Languages : en
Pages : 36
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Book Description
Abstract: Tajikistan's economy has recovered strongly after the collapse of the 1990s, but sustaining rapid economic growth over the long term and reducing poverty present major challenges for policymakers. This paper contributes to the debate over the strategic role for fiscal policy to play in meeting these challenges, utilizing the "fiscal space" approach to assess the long-term potential for expanding public provision of growth-promoting goods and services and evaluating the priorities for public spending. It also analyzes the long-term risks to fiscal sustainability, from external public debt and the quasi fiscal deficit of the electricity sector. The paper contends that institutional reforms in key areas, notably public financial management, tax administration, and the energy sector, are crucial for generating fiscal space and for ensuring that higher levels of public spending are translated into stronger economic growth and poverty reduction. The priorities for government spending should be education, health, and the maintenance of the core networks of the existing infrastructure for energy and transport, rather than new public investment projects.
Author: Dr. Mona Bhalla
Publisher: Lulu.com
ISBN: 1365514196
Category :
Languages : en
Pages : 238
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Book Description
Author: World Bank
Publisher: World Bank Publications
ISBN: 9780821363560
Category : Business & Economics
Languages : en
Pages : 216
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Book Description
The Kyrgyz Republic has made major strides in the past decade in its transition to a market-based economy. Its trade and investment policies are arguably the most liberal among the member countries of the Commonwealth of Independent States. Despite the generally progressive stance on structural policies and a sound record of macroeconomic management in recent years, economic growth has been modest, living standards are low, a large burden of external debt has accumulated, and integration into global production and trade remains limited. The growth agenda must address more carefully the constraints to greater supply-side response to ongoing reforms--an agenda that can facilitate a broad-based growth of economic activity and exports. Risks to sustainability of current growth rates and continued poverty reduction will otherwise remain high as will the economy's vulnerability to external shocks. This report is aimed at assisting authorities fashioning this agenda by focusing on three key challenges: - Identifying strategic options to strengthen prospects for medium- and long-term growth and poverty reduction; - Assessing ways of leveraging domestic trade policy reforms and existing regional and multilateral trade agreements for further regional and global integration; and - Identifying key areas where greater efforts are necessary to facilitate improvements in enterprise capability and productivity.
Author: Mr.Jack Diamond
Publisher: International Monetary Fund
ISBN: 9781557757876
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.
Author: Rémi Piet
Publisher: Routledge
ISBN: 131705539X
Category : Political Science
Languages : en
Pages : 253
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Book Description
Given the resurgence of Russian economic capabilities and of Russia's role as a regional, even global, political actor, much of the literature written more than 4-5 years ago is already dated. The editor and contributors to this timely volume draw upon a broad range of analysts who deal with various aspects of Russian relations with its neighbours to the West and to the East. Implications for Russian foreign and security policy are key to understanding Russia's position in the 21st Century. Readers in Russian foreign and security policy; European, Eurasian, and Asian security; and contemporary international politics/security will find this volume invaluable.
Author: International Monetary Fund
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 734
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Book Description
Author: Denis Degterev
Publisher:
ISBN: 9781626377851
Category : Former Soviet republics
Languages : en
Pages : 517
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Book Description
How do the former Soviet republics that now constitute the Commonwealth of Independent States (CIS) interact with each other and with other regional and world powers? What are the conceptual foundations, mechanisms, and main directions of each member state's foreign policy? What role do economic and political factors play? Answering these questions and more in this systematic, comprehensive survey, a team of in-country experts sheds important light on the complex regional and international interactions of the CIS states in the twenty-first century.
Author: K. Banaian
Publisher: Springer
ISBN: 0230616623
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
This edited volume seeks to provide a critical and technical look at international political economic indices (PEIs). It examines measurement issues, relates PEIs to economic theory, and suggests better measures than those currently used.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1498331556
Category : Business & Economics
Languages : en
Pages : 243
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Book Description
The pace of recovery has disappointed in recent years, and downside risks have increased, including from heightened geopolitical tensions. These increased risks make it a priority to raise actual and potential growth. In a number of economies, an increase in public infrastructure investment can also provide support to demand and help boost potential output. And in advanced economies as well as emerging and developing economies there is a general, urgent need for structural reforms to strengthen growth potential or make growth more sustainable. The four individual chapters examine the overall global outlook, the prospects for individual countries and regions, the benefits of increased public infrastructure investment in terms of raising output, and the extent to which global imbalances have narrowed significantly since their peak in 2006.
