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The 1991 Budget and Some Policy Implications in 1992

Author

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  • Mariela Nenova-Amar

    (Agency for Economic Analysis and Forecasting)

Abstract

The analysis of 1991 budget implementation proves that there where no significant changes in budget revenue and expenditure structure. The two exceptions are the entrenchment of capital expenses caused by the economic depression and the decline in subsidies related to the price liberalization. The ratio between government purchases of goods and services and transfers have not changed. So is the structure of the tax system that have functioned well in other socioeconomic environment but is not adequate to the market economy. In 1992 the design of basically new tax system must inevitably be launched together with the changes in retirement insurance system. That will alleviate the functioning of the budget in 1993 and will create favorite conditions for reorganizing the system of budget expenditures. Making the budget more flexible and efficientis the task of 1992.

Suggested Citation

  • Mariela Nenova-Amar, 1992. "The 1991 Budget and Some Policy Implications in 1992," Working paper series 21992en, Agency for Economic Analysis and Forecasting.
    • Handle: RePEc:eaf:wpaper:21992en
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    More about this item

    Keywords

    fiscal policy; budget revenues; budget expenditures; government debt;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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