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I Overview

I Overview »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

Ten years after regaining independence, the three Baltic countries—Estonia, Latvia, and Lithuania—are on the verge of acceding to the European Union (EU) and the North Atlantic Treaty Organization (NATO). Ov...

I Overview

I Overview »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

There are instances when policymakers may have little option but to consider a sizable fiscal adjustment. In such circumstances, they may be confronted with questions such as, Can a large fiscal adjustment b...

II Introduction

II Introduction »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

This Occasional Paper describes the experience of countries that have undertaken large fiscal adjustments over the past three decades. It identifies preconditions, common policy approaches, and institutional...

II The Current Fiscal Position

II The Current Fiscal Position »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

Fiscal policy represents the main macroeconomic policy instrument at the disposal of the authorities in the Baltics. This is due to their decision to anchor their macroeconomic stabilization efforts with the...

III Medium-Term Fiscal Policy: Theory and Evidence

III Medium-Term Fiscal Policy: Theory and Evidence »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

This section is intended to derive some guiding principles on the appropriate medium-term fiscal stance for the Baltics on the basis of theoretical and empirical evidence. It will look at: (1) the relationsh...

III What Is a “Large” Fiscal Adjustment?

III What Is a “Large” Fiscal Adjustment? »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

In this study, an episode of fiscal adjustment is defined as any year or succession of years of uninterrupted improvement in the fiscal primary balance. Data were assembled for the 165 countries, covering th...

Republic of Lithuania
			: Fiscal Transparency Evaluation

Republic of Lithuania : Fiscal Transparency Evaluation »

Volume/Issue: 2019/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2019

DOI: http://dx.doi.org/10.5089/9781498313285.002

ISBN: 9781498313285

Keywords: Financial statements, Fiscal policy, Fiscal sector, Social security funds, Risk management, tax expenditure, social security fund, outturn, security fund, percent of GDP

This Fiscal Transparency Evaluation estimated Lithuania's public sector financial position to take a more comprehensive view of public finances in Lithuania. For 2017, it estimates consolidated public sector revenu...

From Expenditure Consolidation to Expenditure Efficiency
			: Addressing Public Expenditure Pressures in Lithuania

From Expenditure Consolidation to Expenditure Efficiency : Addressing Public Expenditure Pressures in Lithuania »

Volume/Issue: 2015/278

Series: IMF Working Papers

Author(s): David Coady , and Nan Geng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 December 2015

DOI: http://dx.doi.org/10.5089/9781513590554.001

ISBN: 9781513590554

Keywords: public expenditure review, spending efficiency, equity, benchmarking, European countries, health, health care, hospitals, public health, workers

This paper reviews public expenditure in Lithuania to identify areas where deeper structural reforms may be warranted to improve spending efficiency and contain future spending pressures. The analysis benchmarks sp...

IV The Experience of Earlier Accession Countries

IV The Experience of Earlier Accession Countries »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

In their drive to join the EU, the Baltics face fiscal challenges similar to those of the countries that joined in the past three decades and had incomes below the EU average. Such countries were Greece, Ire...

IV What Sustains a Large Fiscal Adjustment?

IV What Sustains a Large Fiscal Adjustment? »

Source: Experience with Large Fiscal Adjustments

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

Three techniques were used to shed light on the factors underlying sustained large fiscal adjustments. First, following Alesina and Perotti (1996), separate samples of successful and unsuccessful adjustment...