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Energy Sector Quasi Fiscal Activities In The Countries Of The Former Soviet Union
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Book Synopsis Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union by : Martin Petri
Download or read book Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union written by Martin Petri and published by International Monetary Fund. This book was released on 2002-03 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A decade into the transition, many of the successor states of the former Soviet Union (FSU) continue to use energy sector quasi-fiscal activities (QFAs), especially low energy prices and the toleration of payment arrears, to provide large implicit and untargeted subsidies. These activities disguise the overall size of the government, cause overconsumption and waste, and contribute to macroeconomic imbalances. This paper analyses such activities in FSU countries, with particular emphasis on two case studies (Azerbaijan and Ukraine). The paper's policy conclusions point to the need to increase energy prices, combined with a strengthening of safety nets to protect the poor, better enforcement of payment discipline, and more efforts to achieve fiscal transparency.
Book Synopsis Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union by : Martin Petri
Download or read book Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union written by Martin Petri and published by . This book was released on 2014 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: A decade into the transition, many of the successor states of the former Soviet Union (FSU) continue to use energy sector quasi-fiscal activities (QFAs), especially low energy prices and the toleration of payment arrears, to provide large implicit and untargeted subsidies. These activities disguise the overall size of the government, cause overconsumption and waste, and contribute to macroeconomic imbalances. This paper analyses such activities in FSU countries, with particular emphasis on two case studies (Azerbaijan and Ukraine). The paper's policy conclusions point to the need to increase energy prices, combined with a strengthening of safety nets to protect the poor, better enforcement of payment discipline, and more efforts to achieve fiscal transparency.
Book Synopsis Quasi-fiscal activities, hidden government subsidies, and fiscal adjustment in Armenia by : Lev M. Freinkman
Download or read book Quasi-fiscal activities, hidden government subsidies, and fiscal adjustment in Armenia written by Lev M. Freinkman and published by World Bank Publications. This book was released on 2003 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Energy Pricing in the Soviet Union by : Mr.Manmohan S. Kumar
Download or read book Energy Pricing in the Soviet Union written by Mr.Manmohan S. Kumar and published by International Monetary Fund. This book was released on 1991-12-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy exports, which are already the primary source of Soviet convertible currency earnings and an important contributor to the budget, could bring in much more revenue if the Soviet Union were to reduce its extremely high levels of energy consumption. To encourage this process, energy prices need to be raised substantially. Under plausible assumptions, it is shown that an increase in prices could yield sizable foreign exchange earnings. Large increases in energy prices could, however, threaten the solvency of industrial enterprises, precipitate major economic and social dislocation, and severely strain interrepublican economic relationships.
Book Synopsis Cross-Border Issues in Energy Trade in the CIS Countries by : Mr.John Dodsworth
Download or read book Cross-Border Issues in Energy Trade in the CIS Countries written by Mr.John Dodsworth and published by International Monetary Fund. This book was released on 2002-12-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores from a regional perspective the distorted nature of trade in energy products within the CIS countries. The persistence of pricing distortions, barter arrangements, and discriminatory access to pipelines, as well as failure to honor contracts, has disrupted and distorted energy exports to non-CIS countries, undermined energy sector reforms, and distorted investment decisions. The paper focuses on cross-border issues as an integral component of the wider problem of inefficient energy use within the CIS. Several policy recommendations are proposed, including measures to foster greater competition, reduce state involvement, and promote regional cooperation.
Book Synopsis Generating public sector resources to finance sustainable development by : Stefano Pagiola
Download or read book Generating public sector resources to finance sustainable development written by Stefano Pagiola and published by World Bank Publications. This book was released on 2002 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation This specific objective of this book is to explore potential avenues for generating more resources for the public sector to invest in sustainable development.
Book Synopsis Quasi-fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia by : Lev M. Freinkman
Download or read book Quasi-fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia written by Lev M. Freinkman and published by World Bank Publications. This book was released on 2003 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes quasi-fiscal deficits and subsidies, and their impact on ArmeniaA's fiscal performance in the second part of the 1990s. In addition, it discusses the specific features of quasi-fiscal financing in transition economies. Estimates of ArmeniaA'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.
Book Synopsis The Energy Sector Reform and Macroeconomic Adjustment in a Transition Economy by : Mr.Stéphane Cossé
Download or read book The Energy Sector Reform and Macroeconomic Adjustment in a Transition Economy written by Mr.Stéphane Cossé and published by International Monetary Fund. This book was released on 2003-04-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the main issues faced by the energy sector in a transition economy such as Romania and their macroeconomic dimension. It examines how the size of quasi-fiscal subsidies, owing mainly to inappropriate prices and the lack of financial discipline, has led to an increased focus on the energy sector under the IMF-supported programs. The paper analyzes the macroeconomic impact of recent reform measures and discusses the next steps to improve price policy and collection in energy utilities. Shifting to targeted budgetary subsidies appears also to be a crucial reform step.
Book Synopsis Fiscal Adjustment in Transition Countries by : MissCatriona Purfield
Download or read book Fiscal Adjustment in Transition Countries written by MissCatriona Purfield and published by International Monetary Fund. This book was released on 2003-02-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations were more successful in addressing fiscal imbalances on a durable basis. Policies focusing on expenditure reductions were more successful than those relying on revenue increases. There is little evidence of expansionary fiscal contractions, but fiscal contractions did not have a significantly negative impact on growth either. Few fiscal stimuli succeeded in boosting growth.
Book Synopsis Priorities for Further Fiscal Reforms in the Commonwealth of Independent States by : Mr.Henri Lorie
Download or read book Priorities for Further Fiscal Reforms in the Commonwealth of Independent States written by Mr.Henri Lorie and published by International Monetary Fund. This book was released on 2003-10-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Re-Constructing the Post-Soviet Industrial Region by : Adam Swain
Download or read book Re-Constructing the Post-Soviet Industrial Region written by Adam Swain and published by Routledge. This book was released on 2007-04-11 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the political economy of attempts to restructure the Donbass, one of the Soviet Union's most important 'old economy' 'rustbelt' industrial regions. It shows how local interest groups have successfully frustrated the central government's and the World Bank's proposed market-oriented restructuring, and how a manufacturing-based regional economy is surviving, partially, with restructuring postponed.
Book Synopsis Energy Subsidy Reform in Sub-Saharan Africa by : Mr.Trevor Serge Coleridge Alleyne
Download or read book Energy Subsidy Reform in Sub-Saharan Africa written by Mr.Trevor Serge Coleridge Alleyne and published by International Monetary Fund. This book was released on 2013-08-13 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reform of energy subsidies is an important but challenging issue for sub-Saharan African (SSA) countries. There is a relatively large theoretical and empirical literature on this issue. While this paper relies on that literature, too, it tailors its discussion to SSA countries to respond to the following questions: Why it is important to reduce energy subsidies? What are the difficulties involved in energy subsidy reform? How best can a subsidy reform be implemented? This paper uses various sources of information on SSA countries: quantitative assessments, surveys, and individual (but standardized) case studies.
Book Synopsis Public Finance: An International Perspective (Revised Edition) by : Joshua E Greene
Download or read book Public Finance: An International Perspective (Revised Edition) written by Joshua E Greene and published by World Scientific. This book was released on 2020-11-27 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing from current examples from a variety of countries, Public Finance: An International Perspective addresses the main issues in contemporary public finance, including fiscal sustainability, state enterprises, and a variety of subsidies. There are relatively few textbooks on public finance, and many of them focus on the experience and issues facing the United States. This book sets out to address the critical issues from other countries, particularly those from the developing world or emerging market countries, who have received less attention in other texts. Written in a highly accessible manner, this book is a useful reference for students and practitioners alike.
Book Synopsis The Political Economy of Fiscal Reform in Central-Eastern Europe by : Frank Bönker
Download or read book The Political Economy of Fiscal Reform in Central-Eastern Europe written by Frank Bönker and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Frank Bönker has done a masterful job. . . This is probably the best book available on this important subject. and its significance is not limited to studies of postcommunist societies. It has important theoretical implications for everyone interested in the Political Economy of Policy Reform perspective within the field of comparative political economy.' - John L. Campbell, Slavic Review
Book Synopsis Power's Promise by : Julian A. Lampietti
Download or read book Power's Promise written by Julian A. Lampietti and published by World Bank Publications. This book was released on 2004 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the fiscal, efficiency, social, and environmental impact of power sector reforms in seven countries in Europe and central Asia (covering Armenia, Azerbaijan, Georgia, Hungary, Kazakhstan, Moldova and Poland). It includes a CD-ROM containing a pdf of this publication in Russian, plus pdfs of English and Russian versions of the following related titles: i) Utility pricing and the poor: lessons from Armenia; ii) Coping with the cold: heating strategies for eastern Europe and central Asia's urban poor; and iii) Revisiting reform in the energy sector: lessons from Georgia.
Book Synopsis Fiscal Transition in Countries of the Former Soviet Union by : MissA. Cheasty
Download or read book Fiscal Transition in Countries of the Former Soviet Union written by MissA. Cheasty and published by International Monetary Fund. This book was released on 1996-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the uneven record of fiscal performance in the states of the former Soviet Union since independence. Deficits have come down rapidly, an important contribution to stabilization. Given, however, the unexpectedly severe revenue decline and limited financing, the stabilization was reached by sharp cuts in expenditure. The cuts were abrupt and not focused on transition goals, and the instruments used vitiated normal budgetary processes. Hence, benchmarks of fiscal success other than stabilization are elusive. Government intervention and subsidies remain important, social spending is inefficient, and there is little evidence in the budget of restructuring.
Book Synopsis Taxation and Public Finance in Transition and Developing Economies by : Robert W. McGee
Download or read book Taxation and Public Finance in Transition and Developing Economies written by Robert W. McGee and published by Springer Science & Business Media. This book was released on 2008-08-25 with total page 670 pages. Available in PDF, EPUB and Kindle. Book excerpt: Topics in this comprehensive survey include bureaucracy, corruption and tax compliance; public finance in developing economies; taxation in several former Soviet republics, Eastern Europe and China; taxation in the enlarged European Union; tax harmonization vs. tax competition; and the philosophy of taxation and public finance. The editor has assembled a stellar group of authorities to write about their areas of expertise.
