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The Role of Medium-Term Fiscal Frameworks for Transition Countries: The Case of Bulgaria

Author

Listed:
  • Mr. Balázs Horváth
  • Mr. Istvan P Szekely

Abstract

This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU membership. It presents an illustrative scenario for Bulgaria, utilizing a broad concept of net public debt.

Suggested Citation

  • Mr. Balázs Horváth & Mr. Istvan P Szekely, 2001. "The Role of Medium-Term Fiscal Frameworks for Transition Countries: The Case of Bulgaria," IMF Working Papers 2001/011, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2001/011
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    Cited by:

    1. Ivona G. Yakimova, 2004. "The Market Transition in Bulgaria – On Route To A Regulated Market Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 89-123.
    2. World Bank, 2003. "Serbia and Montenegro : Public Expenditure and Institutional Review, Volume 2. Serbia," World Bank Publications - Reports 14823, The World Bank Group.

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