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220928 ||| eng |
020 |
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|a 9781475571684
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100 |
1 |
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|a Paliova, Iana
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245 |
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|a Bulgaria’s EU Funds Absorption
|b Maximizing the Potential!
|c Iana Paliova, Tonny Lybek
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2014
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300 |
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|a 64 pages
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651 |
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4 |
|a Bulgaria
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653 |
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|a Investment
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653 |
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|a Budget Systems
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653 |
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|a Potential output
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653 |
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|a Public finance & taxation
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653 |
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|a Infrastructure
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653 |
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|a Production
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653 |
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|a Budget planning and preparation
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653 |
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|a Intangible Capital
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653 |
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|a Management accounting & bookkeeping
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653 |
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|a Budgeting
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653 |
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|a Production; Economic theory
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653 |
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|a National accounts
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653 |
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|a National Government Expenditures and Related Policies: General
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653 |
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|a Expenditure
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653 |
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|a Macroeconomics: Production
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653 |
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|a Saving and investment
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653 |
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|a Macroeconomic Analyses of Economic Development
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653 |
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|a Auditing
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653 |
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|a Budget
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653 |
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|a Expenditures, Public
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653 |
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|a Macroeconomics
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653 |
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|a Economic Growth and Aggregate Productivity: General
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653 |
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|a Public financial management (PFM)
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653 |
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|a Capacity
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653 |
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|a Budgeting & financial management
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653 |
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|a National Budget
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653 |
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|a Capital
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653 |
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|a Public Finance
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653 |
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|a Production and Operations Management
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700 |
1 |
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|a Lybek, Tonny
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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|a 10.5089/9781475571684.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2014/021/001.2014.issue-021-en.xml?cid=41311-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper focuses on EU structural and cohesion funds assistance to Bulgaria during the 2007–13 program period. Initial weaknesses resulted in a low absorption rate, which was mitigated by increasing advance payments; applying electronic application and reporting procedures; simplifying and unifying tender processes; and strengthening the role of international financial institutions and banks in project preparation, evaluation and monitoring. The possible impact on growth and potential output is briefly discussed, while the risks of improper absorption are acknowledged. Valuable lessons have been learned, but it is recommended that additional steps be taken for the next program period 2014–20
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