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Fiscal Issues in the New EU Member Countries - Prospects and Challenges


  • Morten Balling


  • Helmut Wagner


This paper examines the fiscal challenges that the new EU member states in Central and Eastern Europe (NEW-8) are facing that arise from both EU membership and from developments that are essentially independent of EU membership. While the direct fiscal strains caused by EU membership may appear to be only short term and of minor importance, they are more challenging when regarded in the context of the impact on the NEW-8 of globalization (locational competition) and country-specific structural characteristics. It is argued that there is an urgent need for fiscal reforms in these countries that requires both determination with respect to restructuring the budget and innovativeness in regard of increasing the efficiency of public spending and collecting tax revenues. Several reform options are discussed.

Suggested Citation

  • Helmut Wagner, 2006. "Fiscal Issues in the New EU Member Countries - Prospects and Challenges," SUERF Studies, SUERF - The European Money and Finance Forum, number 2006/1 edited by Morten Balling, March.
  • Handle: RePEc:erf:erfstu:39

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    References listed on IDEAS

    1. European Commission, 2005. "Taxation trends in the European Union: 2005 edition," Taxation trends 2005, Directorate General Taxation and Customs Union, European Commission.
    2. Helmut Wagner & Wolfram Berger, 2004. "Globalization, Financial Volatility and Monetary Policy," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 31(2), pages 163-184, June.
    3. Wilson, John D., 1986. "A theory of interregional tax competition," Journal of Urban Economics, Elsevier, vol. 19(3), pages 296-315, May.
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    Cited by:

    1. Yutao Han & Zhen Song, 2017. "On regional integration, fiscal income, and GDP per capita," CEMA Working Papers 600, China Economics and Management Academy, Central University of Finance and Economics.
    2. Ferré, Montserrat, 2012. "The effects of uncertainty about countries’ compliance with the Stability and Growth Pact," Journal of Policy Modeling, Elsevier, vol. 34(5), pages 660-674.

    More about this item


    European integration; fiscal challenges.;

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • P2 - Economic Systems - - Socialist Systems and Transition Economies


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