Read Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia

Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia

Lev M Freinkman

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Description:This paper analyzes quasi-fiscal deficits and subsidies, and their impact on Armenia's fiscal performance in the second part of the 1990s. It also discusses the specific features of quasi-fiscal financing in transition economies. Estimates of Armenia's actuarial and hidden deficits in the second part of the 1990s shows that its deficits were relatively modest compared to similar economies. While these deficits remain, they have declined recently, becoming the main source of fiscal adjustment in Armenia. This study also presents a comprehensive picture of subsidization in Armenia, including hidden and quasi-fiscal subsidies that were a primary cause of the hidden deficit. The paper shows the ultimate sources and main beneficiaries of these subsidies. It concludes that the main distortive impact of quasi-fiscal subsidies is on social policy, not on enterprise restructuring and private sector performance.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia. To get started finding Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 50

Format: PDF, EPUB & Kindle Edition

Publisher: World Bank Group

Release: 2003

ISBN: 1280086602

Description: This paper analyzes quasi-fiscal deficits and subsidies, and their impact on Armenia's fiscal performance in the second part of the 1990s. It also discusses the specific features of quasi-fiscal financing in transition economies. Estimates of Armenia's actuarial and hidden deficits in the second part of the 1990s shows that its deficits were relatively modest compared to similar economies. While these deficits remain, they have declined recently, becoming the main source of fiscal adjustment in Armenia. This study also presents a comprehensive picture of subsidization in Armenia, including hidden and quasi-fiscal subsidies that were a primary cause of the hidden deficit. The paper shows the ultimate sources and main beneficiaries of these subsidies. It concludes that the main distortive impact of quasi-fiscal subsidies is on social policy, not on enterprise restructuring and private sector performance.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia. To get started finding Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia

Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia

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