The resource-based Central Asian countries Kazakhstan, Turkmenistan, and Uzbekistan constitute a special case for fiscal decentralization. Political and administrative centralization is accompanied by the centralized administration of resource rents and weak governance structures on local...

The resource-based Central Asian countries Kazakhstan, Turkmenistan, and Uzbekistan constitute a special case for fiscal decentralization. Political and administrative centralization is accompanied by the centralized administration of resource rents and weak governance structures on local...

The resource-based Central Asian countries Kazakhstan, Turkmenistan, and Uzbekistan constitute a special case for fiscal decentralization. Political and administrative centralization is accompanied by the centralized administration of resource rents and weak governance structures on local...

VAT revenues in Ukraine are undermined by numerous privileges and low tax compliance due to manipulations and/or outright fraud causing inadequate tax collection and high tax refunds claims. Besides, there are both strong concerns about the vulnerability of the VAT system to corruption and...

Public investment can both serve socially useful purposes and be growth enhancing, if sufficient levels are allocated efficiently and if budgeting is managed properly. Public investment in Ukraine has recently risen from low to sufficient levels. Private participation in investment for socially...

The paper comments on the composition of the expenditure side of the central state budget of Ukraine for 2004. It takes a closer look at possible expenditure risks contained, the priorities which are reflected in the expenditure changes for ndividual items, and the transparency and...

The 2004 Presidential election campaign has left a deep effect on the budget process 2004-2005, which came about in three steps: (1) In the course of amending the 2004 budget, privatization receipts were misused to finance higher minimum pension payments, raising net public liabilities in the...