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Quasi-Fiscal Deficit in Non-Financial Enterprises

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  • Robert Tchaidze
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    Abstract

    This paper discusses two ways of evaluating the quasi-fiscal deficit (QFD) and the link between them. It also suggests how to properly account for the QFD when calculating the overall deficit of the public sector. Finally, using an example of the energy market, it shows how to untangle a web of mutual nonpayments and properly evaluate the QFD generated in a sector characterized by the presence of both private and public agents.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20153
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 07/10.

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    Length: 13
    Date of creation: 01 Jan 2007
    Date of revision:
    Handle: RePEc:imf:imfwpa:07/10

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    Related research

    Keywords: Budget deficits; Payments arrears; Taxes;

    This paper has been announced in the following NEP Reports:

    References

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    1. Aleh Tsyvinski & Martin Petri & Günther Taube, 2002. "Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union," IMF Working Papers 02/60, International Monetary Fund.
    2. 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.
    3. G. A. Mackenzie & Peter Stella, 1996. "Quasi-Fiscal Operations of Public Financial Institutions," IMF Occasional Papers 142, International Monetary Fund.
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