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The Baltics


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  • International Monetary Fund
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    This paper on the Baltic countries analyzes medium-term fiscal issues related to European Union (EU) and NATO accession. The paper supports the Baltic authorities’ intention to aim at balancing their budgets over the economic cycle. The paper describes the Baltics’ current fiscal position and structure. It reviews theory and empirical evidence of the possible macroeconomic benefits of fiscal adjustment. It also reviews the experience of earlier EU accession countries prior to and after their accession. The medium-term fiscal frameworks are also presented.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 02/07.

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    Length: 64
    Date of creation: 24 Jan 2002
    Date of revision:
    Handle: RePEc:imf:imfscr:02/07

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    Keywords: Baltics; Fiscal management; fiscal policy; public debt; current account; taxation; external debt; fiscal adjustment; account deficits; current account deficits; fiscal balance; tax revenue; debt ratios; tax burden; expenditure cuts; fiscal rules; fiscal deficits; budget balance; debt sustainability; fiscal sustainability; tax systems; government debt; tax revenues; fiscal policies; fiscal position; fiscal frameworks; fiscal stance; external debt sustainability; fiscal consolidation; fiscal deficit; debt ratio; net external debt; current account balance; prudent fiscal policies; prudent fiscal policy; fiscal scenarios; fiscal policy rules; fiscal discipline; current account deficit; public expenditure; tax administration; medium-term fiscal frameworks; tax reform; public spending; capital expenditure; public finances; tax rates; public and publicly guaranteed debt; government deficit; fiscal issues; public and publicly guaranteed; tax base; fiscal transparency; central bank; fiscal prudence; primary fiscal balance; external shocks; tax cuts; budget constraint; fiscal targets; public finance; budget law; expenditure restraint; fiscal strategy; tax structures; social taxes; currency debt; balance of payments; aggregate demand; medium-term fiscal strategy; fiscal policy rule; defense spending; foreign currency debt; foreign debt; tax reforms; government fiscal deficit; fiscal target; tax bases; fiscal rule; external shock; fiscal positions; taxes on labor; fiscal stabilizers; currency board; fiscal contraction; fiscal implications; tax structure; structural budget balance; fiscal reforms; medium-term fiscal sustainability; fiscal performance; capital account liberalization; interest expenditure; fiscal developments; reserve bank; fiscal policy variables; stock of debt; budgetary implications; external indebtedness; external debt indicators; tax ratios; fiscal correction; fiscal reform; long term debt; fiscal scenario; budget position; domestic savings; government expenditure; government budgets; discretionary fiscal policies; debt dynamics; fiscal situation; current account balances; sustainable fiscal policy; fiscal framework; fiscal objectives; currency crises; national debt; fiscal stimuli; fiscal outcomes; budgetary rules; fiscal priorities; budgetary impact; long-term debt; expenditure ratio; tax increases; private sector debt; debt strategy; annual budget document; national budget; low debt; spending cuts; discretionary fiscal policy; fiscal analysis; annual budget; budget projection; fiscal flexibility; local government budgets; primary fiscal deficits; domestic saving; foreign capital; foreign borrowing; fiscal operations; high tax burden; tax performance; fiscal adjustments; fiscal documentation; tax system; debt burden;


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    Cited by:
    1. Evelin, Ahermaa & Luigi, Bernardi, 2004. "Tax polici in new EU members: Estonia and othr Baltic states," MPRA Paper 18158, University Library of Munich, Germany.


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