Preview: Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia

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Quasi-Fiscal Activities, Hidden Government Subsidies, and Fiscal Adjustment in Armenia

This paper aims to develop a detailed analysis of quasi-fiscal deficits and subsidies, and their impact on Armenia's fiscal performance in the second part of the 1990s. Based on the flow-of-funds approach, we estimate the magnitude of the quas...

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Bibliographic Details
Main Authors:	Freinkman, Lev, Gyulumyan, Gohar, Kyurumyan, Artak
Language:	English en_US
Published:	Washington, DC: World Bank 2013
Subjects:	GOVERNMENT SUBSIDIES FISCAL ADJUSTMENTS FISCAL MANAGEMENT PUBLIC SECTOR BUDGETS DEFICIT PROJECTS SUBSIDIES LIABILITY MANAGEMENT EXTERNAL BORROWING ENERGY SECTOR MANAGEMENT SUBSIDY PRICE ADJUSTMENT METHODS EXTERNAL DEBT INDICATORS BUDGET DEFICIT CREDITS STOCKS GAS PRIVATIZATION ELECTRICITY TARIFFS VALUE ADDED TAX INFRASTRUCTURE DONORS ACCOUNTING ASSETS BALANCE SHEET BANKRUPTCY BORROWING BUDGET CONSTRAINT BUDGET DEFICITS BUDGET EXPENDITURES BUDGET PERFORMANCE BUDGET PROCESS BUDGETARY FUNDS CENTRAL BANK COMMERCIAL BANKS COMMERCIAL CREDITS DEFICIT FINANCING DIRECT FINANCING DOMESTIC BORROWING DOMESTIC PRICES EBF ECONOMIC STABILIZATION ECONOMIES IN TRANSITION ELECTRICITY ENTERPRISE RESTRUCTURING EXCHANGE RATES EXPENDITURE FINANCIAL CONTROL FINANCIAL SECTOR FISCAL FISCAL ADJUSTMENT FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL GAP FISCAL PERFORMANCE FISCAL POLICY FISCAL PROBLEMS FISCAL SUSTAINABILITY GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT OBLIGATIONS GOVERNMENT REVENUE GOVERNMENT SECTOR GOVERNMENT SERVICES GOVERNMENT'S BUDGET HARD BUDGET CONSTRAINTS INFLATION INTERNATIONAL MONETARY FUND INTERNATIONAL RESERVES LICENSES MACROECONOMIC PERFORMANCE MORAL HAZARD MUNICIPAL GOVERNMENTS MUNICIPALITIES NATIONAL GOVERNMENTS PENSION FUNDS PRESENT VALUE PRIVATE SECTOR PROVISIONS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FINANCE PUBLIC FINANCE SYSTEM PUBLIC FINANCING PUBLIC PROPERTY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SERVICES REAL EXCHANGE RATE RELATIVE PRICE SOCIAL POLICY SOCIAL PROTECTION SOCIAL SERVICES SOFT BUDGET CONSTRAINTS STABILIZATION EFFORTS STATE ENTERPRISES STATE-OWNED ENTERPRISES TAX TAX ADMINISTRATION TAX ARREARS TAXATION TRANSITION ECONOMIES TRANSPARENCY UTILITIES
Online Access:	http://documents.worldbank.org/curated/en/2003/09/2693791/quasi-fiscal-activities-hidden-government-subsidies-fiscal-adjustment-armenia http://hdl.handle.net/10986/15074