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

Author: Martin Petri; Günther Taube; Aleh Tsyvinski; International Monetary Fund. Fiscal Affairs Department.
Publisher: [Washington, D.C.] : International Monetary Fund, ©2002.
Series: IMF working paper, WP/02/60.
Edition/Format:   eBook : Document : EnglishView all editions and formats
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Petri, Martin.
Energy sector quasi-fiscal activities in the countries of the former Soviet Union.
[Washington, D.C.] : International Monetary Fund, ©2002
(OCoLC)49572142
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Martin Petri; Günther Taube; Aleh Tsyvinski; International Monetary Fund. Fiscal Affairs Department.
ISBN: 1451894872 9781451894875 1281265950 9781281265951
OCLC Number: 646837128
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (33 pages) : illustrations.
Details: 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.
Series Title: IMF working paper, WP/02/60.
Responsibility: Martin Petri, Günther Taube, and Aleh Tsyvinski.

Abstract:

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.

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