The Role of Medium-Term Fiscal Frameworks for Transition Countries; The Case of Bulgaria
This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU membership. It presents an illustrative scenario for Bulgaria, utilizing a broad concept of net public debt.
|Date of creation:||01 Jan 2001|
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