Czech Republic: Selected Issues in Fiscal Policy Reform
Volume/Issue:
Volume 2007
Issue 085
Publication date: February 2007
ISBN: 9781451810257
$20.00
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Topics covered in this book
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Business and Economics , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , expenditure reform priority , spending , EU fund , EU transfer , chapter III , expenditure restructuring , benefit spending , Fiscal stance , Budget planning and preparation , Eastern Europe
Summary
This Selected Issues paper examines two key questions on fiscal policy reform in the Czech Republic. First, how can the fiscal institutional framework be strengthened to maintain discipline and enhance transparency? Second, what are the priorities in expenditure reform that can be implemented without sacrificing the quality of spending? The paper discusses the recent Czech experience with the medium-term expenditure framework and some proposals for strengthening it. It also discusses cross-country analyses of spending efficiency and flexibility, and proposes areas for fiscal adjustment that reduce inefficiencies.
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