CitationGershenson, 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.
AbstractMost 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.
Reference TypeJournal Article
Journal TitleProblems and Perspectives in Management