Series: IMF Working Papers
Author(s): Robert Tchaidze
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2007
Keywords: quasi-fiscal deficit, implicit subsidies, tax arrears, payment arrears, subsidies, fiscal deficit, budget deficit, quasi-fiscal activities, National Deficit Surplus,
This paper discusses two ways of evaluating the quasi-fiscal deficit (QFD) and the link between them. It also suggests how to properly account for the QFD when calculating the overall deficit of the public sector....