The authors argue that traditional explanations of the fiscal crisis in reforming ex-socialist economies overlook crucial connections between key components of the deficit - particularly between reductions in spending and declines in revenues. Almost all studies of the fiscal aspects of the transition stress the impact on the fiscal budget of the performance crisis in state-owned enterprises. The authors contend that this aspect of the fiscal crisis...
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INFORMATION
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1994/04/30
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Document de travail de recherche sur les politiques
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WPS1286
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1
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1
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2010/07/01
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Economic transformation and the fiscal crisis : a critical look at the Central European experience of the 1990s
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profit tax
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