Olexa, Michal (Macroeconomic Analyses Division, INFOSTAT - Institute of Informatics and Statistics, Bratislava, Slovak Republic)
Abstract
For the modern history of the SR, the state budget data from the period of CSFR are not relevant according to the existence of two republic budgets with strong mutual relations and two-way flows. In 1996, a new budget composition based on foreign experiences was introduced. The first two parts of the study contain analyses of the revenue and expenditure side during the period 1993-1997. The third part presents an econometric submodel of the fiscal sector of the SR which consists of 15 equations; 6 of them dealing with the tax revenue items of the state budget (taxes on income of natural persons, taxes on income of legal entities, value added tax, excise taxes, customs duty, and import surcharge) are of the stochastic type. This submodel will be incorporated into the quarterly econometric model of the Slovak economy.
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Find related papers by JEL classification: C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
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