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December 5, 2010 | History

Fiscal adjustment and contingent government liabilities 1 edition

Fiscal adjustment and contingent government liabilities
Hana Polackova Brixi

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Fiscal adjustment and contingent government liabilities
case studies of the Czech Republic and Macedonia
Hana Polackova Brixi, Hafez Ghanem, Roumeen Islam.

Published 1999 by 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 Washington, DC .
Written in English.

About the Book

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.

Edition Notes

Includes bibliographical references (p. 29-30).
"September 1999"--Cover.
Also available on the World Wide Web.

Policy research working paper ;, 2177, Policy research working papers ;, 2177.


Library of Congress
HG3881.5.W57 P63 no. 2177

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41 p. :
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December 5, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page