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The 1991 Budget and Some Policy Implications in 1992


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  • Mariela Nenova-Amar

    (Agency for Economic Analysis and Forecasting)

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    The analysis of 1991 budget implementation proves that there where no significant changes in budget revenue and expenditure structure. The two exceptions are the entrenchment of capital expenses caused by the economic depression and the decline in subsidies related to the price liberalization. The ratio between government purchases of goods and services and transfers have not changed. So is the structure of the tax system that have functioned well in other socioeconomic environment but is not adequate to the market economy. In 1992 the design of basically new tax system must inevitably be launched together with the changes in retirement insurance system. That will alleviate the functioning of the budget in 1993 and will create favorite conditions for reorganizing the system of budget expenditures. Making the budget more flexible and efficientis the task of 1992.

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    Bibliographic Info

    Paper provided by Agency for Economic Analysis and Forecasting in its series Working paper series with number 21992en.

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    Length: 18 pages
    Date of creation: Mar 1992
    Date of revision:
    Handle: RePEc:eaf:wpaper:21992en

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    Related research

    Keywords: fiscal policy; budget revenues; budget expenditures; government debt;

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