Draws on the experience of Bulgaria to study the problems encountered in financing government operations in the transition economies. This report describes Bulgaria's experience in addressing external shocks to its economy and large declines in the ratio of tax revenues to GDP. The book provides broad coverage of the problems many other governments face in transforming their systems of taxation in the transition to a market economy. Chapters discuss taxation and incentives, government and households, indirect taxation, and financing of social expenditures. Attention is also drawn to the implementation of a value-added tax and to policies on fuel taxes. The report facilitates an understanding of the differences between actual and optimal policies as governments seek to establish a framework for resolving their budgetary problems in the transition.Such an exercise may be more cost-effective if a sample of sub-projects are selected for evaluation.. Given the ... In projects where significant resources are allocated for CRP, the need to have an internal audit function must also be examined.
|Title||:||Procurement and Disbursement Manual for Projects with Community Participation|
|Publisher||:||World Bank Publications - 1995|