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Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union

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Author Info

  • Aleh Tsyvinski
  • Martin Petri
  • Günther Taube

Abstract

A decade into the transition, many of the successor states of the former Soviet Union (FSU) continue to use energy sector quasi-fiscal activities (QFAs), especially low energy prices and the toleration of payment arrears, to provide large implicit and untargeted subsidies. These activities disguise the overall size of the government, cause overconsumption and waste, and contribute to macroeconomic imbalances. This paper analyses such activities in FSU countries, with particular emphasis on two case studies (Azerbaijan and Ukraine). The paper''s policy conclusions point to the need to increase energy prices, combined with a strengthening of safety nets to protect the poor, better enforcement of payment discipline, and more efforts to achieve fiscal transparency.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 02/60.

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Length: 34
Date of creation: 01 Mar 2002
Date of revision:
Handle: RePEc:imf:imfwpa:02/60

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Related research

Keywords: Former Soviet Union; Energy prices; fiscal activities; quasi-fiscal activities; coal; fiscal deficit; fiscal subsidy; fiscal policy; quasi-fiscal deficit; fiscal transparency; taxation; fiscal activity; budget deficit; budget deficits; quasi-fiscal activity; fiscal implications; lead; fiscal stance; state budget; government budget; account deficits; budget balance; fiscal deficits; fiscal affairs department; fiscal operations; fiscal affairs; fiscal reports; budget process; budget constraint; fiscal adjustment; government spending; annual budget; fiscal measure; budget position; fiscal sustainability; quasi- fiscal activities; public debt; fiscal data; tax payments; fiscal analysis; fiscal institutions; government budget deficit; tax credits; quasi-fiscal deficits;

References

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  1. International Monetary Fund, 2000. "Welfare Effects of Uzbekistan's Foreign Exchange Regime," IMF Working Papers 00/61, International Monetary Fund.
  2. repec:imf:imfpdp:9603 is not listed on IDEAS
  3. Simon Johnson & Daniel Kaufman & Andrei Shleifer, 1997. "The Unofficial Economy in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(2), pages 159-240.
  4. Vito Tanzi, 1993. "The Budget Deficit in Transition: A Cautionary Note," IMF Staff Papers, Palgrave Macmillan, vol. 40(3), pages 697-707, September.
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Citations

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Cited by:
  1. Julian Lampietti, 2004. "Power's Promise : Electricity Reforms in Eastern Europe and Central Asia," World Bank Publications, The World Bank, number 14936, October.
  2. K. Schoors & K. Sonin, 2003. "Passive Creditors," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/177, Ghent University, Faculty of Economics and Business Administration.
  3. Lev Freinkman & Gohar Gyulumyan & Artak Kyurumyan, 2003. "Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia," World Bank Publications, The World Bank, number 15074, October.
  4. Richard M. Bird, . "VAT in Ukraine: An Interim Report," International Tax Program Papers 0503 Revised, International Tax Program, Institute for International Business, Joseph L. Rotman School of Management, University of Toronto.
  5. Akhmed Akhmedov & Ekaterina Zhuravskaya, 2004. "Opportunistic Political Cycles: Test in A Young Democracy Setting," The Quarterly Journal of Economics, MIT Press, vol. 119(4), pages 1301-1338, November.
  6. Charles E. McLure, Jr., 2013. "Reforming Subsidies for Fossil Fuel Consumption: Killing Several Birds with One Stone," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1312, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
  7. Rudiger Ahrend & Joaquim Oliveira Martins, 2003. "Creative Destruction or Destructive Perpetuation: The Role of Large State-owned Enterprises and SMEs in Romania During Transition," Post-Communist Economies, Taylor & Francis Journals, vol. 15(3), pages 331-356.
  8. Michael Plante, 2013. "The long–run macroeconomic impacts of fuel subsidies," Working Papers 1303, Federal Reserve Bank of Dallas.
  9. Robert Tchaidze, 2007. "Quasi-Fiscal Deficit in Non-Financial Enterprises," IMF Working Papers 07/10, International Monetary Fund.
  10. Catriona Purfield, 2003. "Fiscal Adjustment in Transition Countries," IMF Working Papers 03/36, International Monetary Fund.
  11. Michael Plante Author-X-Name-First: Michael Author-X-Name-Last: Plante, 2013. "TheLong-RunMacroeconomicImpactsofFuelSubsidies," Caepr Working Papers 2013-002, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington.
  12. Tapio Saavalainen & Joy Mylène ten Berge, 2006. "Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries," IMF Working Papers 06/43, International Monetary Fund.

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