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Fiscal Transition in Countries of the Former Soviet Union: An Interim Assessment

Author

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  • Mr. Jeffrey M. Davis
  • Miss. A Cheasty

Abstract

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.

Suggested Citation

  • Mr. Jeffrey M. Davis & Miss. A Cheasty, 1996. "Fiscal Transition in Countries of the Former Soviet Union: An Interim Assessment," IMF Working Papers 1996/061, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1996/061
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    Citations

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    Cited by:

    1. Jeni Klugman & John Micklewright & Gerry Redmond, 2002. "Poverty in the Transition: Social expenditures and the working-age poor," Papers inwopa02/18, Innocenti Working Papers.
    2. Pomfret, Richard & Anderson, Kathryn H., "undated". "Uzbekistan: Welfare Impact of Slow Transition," WIDER Working Papers 295460, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    3. Kitty Stewart & Carmen Huerta, 2006. "Reinvesting in Children? Policies for the very young in South Eastern Europe and the CIS," Papers inwopa06/35, Innocenti Working Papers.
    4. Miss Catriona Purfield, 2003. "Fiscal Adjustment in Transition Countries: Evidence From the 1990's," IMF Working Papers 2003/036, International Monetary Fund.
    5. Mr. John C. Odling-Smee, 2004. "The IMF and Russia in the 1990's," IMF Working Papers 2004/155, International Monetary Fund.
    6. John Micklewright, 1999. "Education, inequality and transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 7(2), pages 343-376, July.
    7. Gerando Bracho C. & Julio Lopez G., 2005. "The economic collapse of Russia," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 58(232), pages 53-89.
    8. D.E. Lapov & I.A. Mayburov, 2020. "Possibilities of Accounting for the Real Tax Burden When Modeling the Scale of Income Taxation," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 19(2), pages 129-148.
    9. Karsten Staehr, 2016. "Public Finances and Fiscal Policy in the Baltic States 1991–2015," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 8(1).
    10. Fischer, Stanley & Sahay, Ratna & Vegh, Carlos, 1998. "How far is Eastern Europe from Brussels?," MPRA Paper 20059, University Library of Munich, Germany.
    11. Alam, Asad & Sundberg, Mark, 2002. "A decade of fiscal transition," Policy Research Working Paper Series 2835, The World Bank.
    12. Gimpelson, Vladimir & Treisman, Daniel & Monusova, Galina, 2000. "Public Employment and Redistributive Politics: Evidence from Russia’s Regions," IZA Discussion Papers 161, Institute of Labor Economics (IZA).
    13. Gerando Bracho C. & Julio Lopez G., 2005. "The economic collapse of Russia," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 58(232), pages 53-89.
    14. Wolf, Marvin, 2013. "Währungsunionen und Allmendeproblem," Hannover Economic Papers (HEP) dp-521, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    15. Nikolic, Milan, 2000. "Money Growth-Inflation Relationship in Postcommunist Russia," Journal of Comparative Economics, Elsevier, vol. 28(1), pages 108-133, March.
    16. World Bank, 2003. "Public Expenditure Review for Armenia," World Bank Publications - Books, The World Bank Group, number 15086.
    17. Fischer, Stanley & Sahay, Ratna & Vegh, Carlos, 1998. "From transition to market: Evidence and growth prospects," MPRA Paper 20615, University Library of Munich, Germany.
    18. Ulrich Thießen, 1997. "Zur Reform des Steuersystems, der Sozialabgaben und der Staatsausgaben in Osteuropa: das Beispiel der Ukraine," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 66(3/4), pages 395-411.
    19. E.V. Balatsky & N.A. Ekimova, 2021. "Fiscal and Social Effectiveness Assessment of the Personal Income Tax Reform in Russia," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(2), pages 175-193.

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