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The Role of Medium-Term Fiscal Frameworks for Transition Countries The Case of Bulgaria

This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU membership....

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Bibliographic Details
Main Author: Horváth, Balázs
Other Authors: Szekely, Istvan
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2001
Series:IMF Working Papers
Subjects:
Public Debt
Budget Systems
Public Finance & Taxation
Debt Management
Fiscal Policy
Debts, Public
Debt
Budget Planning And Preparation
Budgeting
National Government Expenditures And Related Policies: General
Sovereign Debt
Expenditure
Expenditures, Public
Budget
Forecasts Of Budgets, Deficits, And Debt
Macroeconomics
Public Financial Management (pfm)
National Budget
Budgeting & Financial Management
Structure And Scope Of Government: General
National Budget, Deficit, And Debt: General
Medium-term Budget Frameworks
Public Finance
Bulgaria
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU membership. It presents an illustrative scenario for Bulgaria, utilizing a broad concept of net public debt
Physical Description:31 pages
ISBN:9781451842784

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