This paper aims to develop a detailed analysis of quasi-fiscal deficits and subsidies, and their impact on Armenia … quasi-fiscal deficits and the incidence of quasi-fiscal subsidies in Armenia, as well as identify main recipients and donors … of quasi-fiscal financing. The main finding of the paper is that, while quasi-fiscal deficits in Armenia remain …

Countries -- Chapter 3. Armenia: Public Sector Balance and Hidden Deficit -- Chapter 4. Hidden Budget Subsidies, Quasi …-Fiscal Subsidies and Contingent Liabilities in Armenia -- Chapter 5. Financing of Hidden Deficit and Ultimate Recipients of Quasi …