An edition of Fiscal adjustment and contingent government liabilities
(1999)
Fiscal adjustment and contingent government liabilities
case studies of the Czech Republic and Macedonia
by Hana Polackova Brixi
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Governments' contingent liabilities increase fiscal vulnerability, but are omitted in traditional measures of the current deficit. In the Czech Republic this omission may mean that fiscal adjustment has been overstated by 3 to 4 percent of annual GDP, with future budgets having to pay for past guarantees. The stock of existing contingent liabilities in Macedonia could add 2 to 4 percent of GDP to that country's future deficits.
Publish Date
1999
Publisher
World Bank, Europe and Central Asia Region, Poverty Reduction and Economic Management Sector Unit,
Office of the Senior Vice President and Chief Economist, Development Economics
Language
English
Pages
41
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Fiscal adjustment and contingent government liabilities: case studies of the Czech Republic and Macedonia
1999, World Bank, Europe and Central Asia Region, Poverty Reduction and Economic Management Sector Unit, Office of the Senior Vice President and Chief Economist, Development Economics
in English
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Book Details
Edition Notes
Includes bibliographical references (p. 29-30).
"September 1999"--Cover.
Also available on the World Wide Web.
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| December 4, 2020 | Edited by MARC Bot | import existing book |
| December 5, 2010 | Edited by Open Library Bot | Added subjects from MARC records. |
| December 10, 2009 | Created by WorkBot | add works page |