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Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union

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Author Info
Martin Petri
Aleh Tsyvinski
Günther Taube

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Abstract

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.

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Paper provided by International Monetary Fund in its series IMF Working Papers with number 02/60.

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Length: 34 pages
Date of creation: 05 Apr 2002
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Handle: RePEc:imf:imfwpa:02/60

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Related research
Keywords: Energy sector ; Former Soviet Union ; Azerbaijan ; Ukraine ; Transition economies ; Fiscal policy ; Energy prices ; Subsidies ; Taxation ; Payments arrears ;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Bisat, Amer, 1996. "Ukraine's Gas Arrears: Issues and Recommendations," IMF Papers on Policy Analysis and Assessments 96/3, International Monetary Fund.
  2. Simon Johnson & Daniel Kaufman & Andrei Shleifer, 1997. "The Unofficial Economy in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(1997-2), pages 159-240. [Downloadable!]
  3. Amer Bisat, 1996. "Ukraine's Gas Arrears: Issues and Recommendations," IMF Policy Discussion Papers 96/3, International Monetary Fund.
  4. Christoph B. Rosenberg & Maarten de Zeeuw, 2000. "Welfare Effects of Uzbekistan's Foreign Exchange Regime," IMF Working Papers 00/61, International Monetary Fund.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Koen Schoors & Konstantin Sonin, 2005. "Passive Creditors," William Davidson Institute Working Papers Series wp737, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
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  2. Richard M. Bird, . "VAT in Ukraine: An Interim Report," International Tax Program Papers 0503 Revised, International Tax Program, Institute for International Business, Joseph L. Rotman School of Management, University of Toronto. [Downloadable!]
  3. Joy ten Berge & Tapio Saavalainen, 2006. "Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries," IMF Working Papers 06/43, International Monetary Fund. [Downloadable!]
  4. Akhmed Akhmedov & Ekaterina Zhuravskaya, 2003. "Opportunistic Political Cycles: Test in a Young Democracy Setting," Working Papers w0024, Center for Economic and Financial Research (CEFIR). [Downloadable!]
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  5. Catriona M. Purfield, 2003. "Fiscal Adjustment in Transition Countries: Evidence from the 1990s," IMF Working Papers 03/36, International Monetary Fund. [Downloadable!]
  6. Rudiger Ahrend & Joaquim Oliveira Martins, 2003. "Creative Destruction or Destructive Perpetuation: The Role of Large State-owned Enterprises and SMEs in Romania During Transition," Post-Communist Economies, Taylor and Francis Journals, vol. 15(3), pages 331-356, September. [Downloadable!] (restricted)
  7. Robert Tchaidze, 2007. "Quasi-Fiscal Deficit in Non-Financial Enterprises," IMF Working Papers 07/10, International Monetary Fund. [Downloadable!]
  8. Freinkman, Lev & Gyulumyan, Gohar & Kyurumyan, Artak, 2002. "Quasi-fiscal activities, hidden government subsidies, and fiscal adjustment in Armenia," MPRA Paper 10064, University Library of Munich, Germany. [Downloadable!]
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