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 (EU). 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.

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Year of publication:	2003
Authors:	HORVÁTH, BALÁZS ; SZÉKELY, ISTVÁN P.
Published in:	Emerging Markets Finance and Trade. - M.E. Sharpe, Inc., ISSN 1540-496X. - Vol. 39.2003, 1, p. 86-113
Publisher:	M.E. Sharpe, Inc.
Subject:	fiscal management \| medium-term fiscal framework

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005753582