Energy sector quasi-fiscal activities in the countries of the former Soviet Union /

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Bibliographic Details
Author / Creator:Petri, Martin.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2002.
Description:1 online resource (33 pages) : illustrations.
Series:IMF working paper ; WP/02/60
IMF working paper ; WP/02/60.
Subject:Fiscal policy -- Former Soviet republics.
Power resources -- Prices -- Former Soviet republics.
Subsidies -- Former Soviet republics.
Taxation -- Former Soviet republics.
Fiscal policy.
Power resources -- Prices.
Soviet Union -- Former Soviet republics.
Electronic books.
Format: E-Resource Book
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Other authors / contributors:Taube, Günther, 1959-
Tsyvinski, Aleh.
International Monetary Fund. Fiscal Affairs Department.
Notes:Includes bibliographical references (pages 32-33).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
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Print version record.
Summary:A decade into the transition, many of the successor states of the former Soviet Union (FSU) continue to use energy sector quasi-fiscal activities (QFAs), especially low energy prices and the toleration of payment arrears, to provide large implicit and untargeted subsidies. These activities disguise the overall size of the government, cause overconsumption and waste, and contribute to macroeconomic imbalances. This paper analyses such activities in FSU countries, with particular emphasis on two case studies (Azerbaijan and Ukraine). The paper's policy conclusions point to the need to increase energy prices, combined with a strengthening of safety nets to protect the poor, better enforcement of payment discipline, and more efforts to achieve fiscal transparency.
Other form:Print version: Petri, Martin. Energy sector quasi-fiscal activities in the countries of the former Soviet Union. [Washington, D.C.] : International Monetary Fund, ©2002

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