Abstract
The Organization and development of the public finance function is at thc hcart of managing tbc transitkm to market.1 This mcans building governmental capacity in the cntical areas of fiscal management, especiallyi budget formulation and Implementation, casb management and expenditure conirol, and debi management. Since tbe collapse of communism, throughout the countries of the former Soviet Union, new financial management institutions have been under development to: perform fiscal policy analysis, providc affective tax collcction and expenditure control capabilities, prioritize expenditures, redesign the State aecounting System, separate the administratlon of monetary and fiscal managerneni funcüons, and accelerate development of the public debt market. Due to their as-yet nascent domestic debt markets, it has been necessary for many former Soviet repubücs—Üke Ukraine—to securc accessto bilateral and multilateral lending, particularly irom thc World Bank and International Monetary Fund (IMF).
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Notes
Richard M. Bird, “The Adjustment Dimension of Tax Reform in Developing Countries,” in Malcolm Gillis, ed., Tax Reform in Developing Countries (Durham, NC: Duke University Press, 1989)
Sheetal K. Chand and Henri R. Lorie, “Fiscal Policy,” in Vito Tanzi, ed., Fiscal Policies in Economies in Transition (Washington, D.C.: International Monetary Fund, 1992).
Richard M. Bird, Tax Policy and Economic Development (Baltimore, MD: The Johns Hopkins University Press, 1992), pp. 189–90.
David Newberry, “Taxation and Development,” in David Newberry and Nicholas Stern, eds., The Theory of Taxation for Developing Countries (New York and Washington, D.C.: Oxford University Press and The World Bank, 1987), pp. 165–204.
Stanley S. Surrey, “Tax Administration in Underdeveloped Countries,” University of Michigan Law Review 12 (1958): 158–88.
Lidiya Lyakh, “Ukraine’s Foreign Debt,” The Ukrainian Economic Monitor IV, no. 1–2 (20-21) (January–February, 1997): 6–9.
Jänos Kornai, “Hard and Soft Budget Constraint,” in Contradictions and Dilemmas: Studies on the Socialist Economy and Society (Cambridge, Massachusetts: MIT Press, 1986), pp. 33–51
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© 2002 Robert S. Kravchuk
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Kravchuk, R.S. (2002). The Challenge of Fiscal Reform. In: Ukrainian Political Economy. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230107243_5
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DOI: https://doi.org/10.1057/9780230107243_5
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