Edited by Mario I. Blejer and Ke-young Chu, this book investigates linkages among components of the public sector, as well as between macro and micro aspects of fiscal policy, in developing countries. It presents 13 papers prepared by economists of the IMF's Fiscal Affairs Department

This paper surveys various measures of the fiscal deficit. Issues addressed include: the definition of the deficit in a public sector of a given coverage (the conventional deficit, the current deficit, the domestic deficit, the operational deficit, etc.); the coverage and composition of the...