The Baltic Countries: Medium-Term Fiscal Issues Related to EU and NATO Accession
Ten years after regaining independence, the Baltic Countries--Estonia, Latvia, and Lithuania--are expected to be invited to join the European Union (EU) and NATO in 2004. This paper provides a macroeconomic perspective on the Baltics' remarkable economic success to date and of the fiscal challe...
Gespeichert in:
| Körperschaft: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
|
| Schriftenreihe: | Occasional Papers
Occasional Paper No. 213 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Ten years after regaining independence, the Baltic Countries--Estonia, Latvia, and Lithuania--are expected to be invited to join the European Union (EU) and NATO in 2004. This paper provides a macroeconomic perspective on the Baltics' remarkable economic success to date and of the fiscal challenges that the Baltics face in joining the EU and NATO. The authors offer guidance in this regard by deriving some principles on the appropriate medium-term fiscal stance for the Baltics based on theory and empirical evidence. They examine the experience of countries that acceded to the EU earlier-Greece, Ireland, Portugal, and Spain-and develop three medium-term analytical frameworks to illustrate the fiscal tensions and trade-offs. Their primary advice supports the Baltic authorities' decision to maintain prudent fiscal policy by balancing their budgets over the economic cycle. Curtailing nonpriority spending may be politically difficult, but the Baltic countries are well placed to meet such challenges, and the benefits-more efficient public spending, enhanced growth prospects, and accelerated real convergence with the EU-make this effort worthwhile |
| Beschreibung: | 1 Online-Ressource (44 p) |
| ISBN: | 1589061047 9781589061040 |
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| index_date | 2024-07-03T20:13:37Z |
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| series2 | Occasional Papers |
| spelling | International Monetary Fund Verfasser aut The Baltic Countries Medium-Term Fiscal Issues Related to EU and NATO Accession Washington, D.C International Monetary Fund 2002 1 Online-Ressource (44 p) txt rdacontent c rdamedia cr rdacarrier Occasional Papers Occasional Paper No. 213 Ten years after regaining independence, the Baltic Countries--Estonia, Latvia, and Lithuania--are expected to be invited to join the European Union (EU) and NATO in 2004. This paper provides a macroeconomic perspective on the Baltics' remarkable economic success to date and of the fiscal challenges that the Baltics face in joining the EU and NATO. The authors offer guidance in this regard by deriving some principles on the appropriate medium-term fiscal stance for the Baltics based on theory and empirical evidence. They examine the experience of countries that acceded to the EU earlier-Greece, Ireland, Portugal, and Spain-and develop three medium-term analytical frameworks to illustrate the fiscal tensions and trade-offs. Their primary advice supports the Baltic authorities' decision to maintain prudent fiscal policy by balancing their budgets over the economic cycle. Curtailing nonpriority spending may be politically difficult, but the Baltic countries are well placed to meet such challenges, and the benefits-more efficient public spending, enhanced growth prospects, and accelerated real convergence with the EU-make this effort worthwhile Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF084/06808-9781589061040/06808-9781589061040/06808-9781589061040.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | The Baltic Countries Medium-Term Fiscal Issues Related to EU and NATO Accession |
| title | The Baltic Countries Medium-Term Fiscal Issues Related to EU and NATO Accession |
| title_auth | The Baltic Countries Medium-Term Fiscal Issues Related to EU and NATO Accession |
| title_exact_search | The Baltic Countries Medium-Term Fiscal Issues Related to EU and NATO Accession |
| title_exact_search_txtP | The Baltic Countries Medium-Term Fiscal Issues Related to EU and NATO Accession |
| title_full | The Baltic Countries Medium-Term Fiscal Issues Related to EU and NATO Accession |
| title_fullStr | The Baltic Countries Medium-Term Fiscal Issues Related to EU and NATO Accession |
| title_full_unstemmed | The Baltic Countries Medium-Term Fiscal Issues Related to EU and NATO Accession |
| title_short | The Baltic Countries |
| title_sort | the baltic countries medium term fiscal issues related to eu and nato accession |
| title_sub | Medium-Term Fiscal Issues Related to EU and NATO Accession |
| url | http://elibrary.imf.org/view/IMF084/06808-9781589061040/06808-9781589061040/06808-9781589061040.xml |
| work_keys_str_mv | AT internationalmonetaryfund thebalticcountriesmediumtermfiscalissuesrelatedtoeuandnatoaccession |