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Macroeconomic processes and regional economies management: fiscal reforms in the BRO Countries, 1996-2002

Citation

Gershenson, Dmitriy & Greene, Joshua (2002). Macroeconomic processes and regional economies management: fiscal reforms in the BRO Countries, 1996-2002. Problems and Perspectives in Management, 1(1), 5-21.

Abstract

Most BRO countries – denoting Baltics, Russia, and other countries of the former Soviet Union – have made genuine fiscal adjustments since 1996, with deficits declining notably because of revenue increases and expenditure cuts. Apart from the Baltics, however, only a few countries
appear to have achieved fiscal sustainability. This reflects high levels of
public debt in a number of countries, heavy reliance on petroleum revenues in some others, compressed social spending, and continuing, if diminished, levels of budgetary arrears and quasi-fiscal activities in a few. Many countries also have high poverty rates; and in several, further revenue mobilization will be needed to fund higher social spending as a means of combating poverty.

URL

http://businessperspectives.org/journals_free/ppm/2006/PPM_EN_2006_01_Gershenson.pdf

Reference Type

Journal Article

Year Published

2002

Journal Title

Problems and Perspectives in Management

Author(s)

Gershenson, Dmitriy
Greene, Joshua