Series: IMF Working Papers
Author(s): Tapio Saavalainen , and Joy Mylène Berge
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2006
Keywords: quasi-fiscal deficit, transition, conditionality, electricity, fiscal deficit, fiscal deficits, quasi-fiscal deficits
Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and en...