Fiscal Issues in the New EU Member Countries - Prospects and Challenges
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.
|This chapter was published in: ||This item is provided by SUERF - The European Money and Finance Forum in its series Chapters in SUERF Studies with number
39-1.||Handle:|| RePEc:erf:erfssc:39-1||Contact details of provider:|| Postal: |
Phone: +43/1/404 20 7216
Fax: +43/1/404 20 7298
Web page: http://www.suerf.org
More information through EDIRC
|Order Information:|| Postal: SUERF c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna, Austria|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- European Commission, 2005. "Taxation trends in the European Union: 2005 edition," Taxation trends 2005, Directorate General Taxation and Customs Union, European Commission.
When requesting a correction, please mention this item's handle: RePEc:erf:erfssc:39-1. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dragana Popovic)
If references are entirely missing, you can add them using this form.