This paper analyzes budgetary subsidy policy issues that arise when centrally planned economies move toward a market economy. The analysis suggests that subsidy reduction, to be successful, has to be embedded into an overall economic reform program and that during the program’s execution,...

The purpose of this paper is to assess the Tacis programme thirteen years after its inception. Using a combination of economic and social indicators, the paper shows the very high cost of the transition from a centrally planned to a market economy in the case of the thirteen Tacis countries. The...