01670cas a2200241 a 4500 AALejournalIMF002320 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451925883 1018-5941 BD-DhAAL BD-DhAAL Holzmann, Robert. Budgetary Subsidies in Centrally Planned Economies in Transition / Robert Holzmann. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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, former implicit subsidies are likely to become budgetized. Furthermore, additional pressure on the budget, caused by enterprise restructuring or the introduction of social safety net provisions, necessitates careful policy design. Comprehensive budgetary reform is required to prevent budgetary slippages during the transition process. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/011 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/011/001.1991.issue-011-en.xml IMF e-Library