Romania : Selected Issues and Statistical Appendix

1ROMEA0022004 Image
Price:  $15.00

Release Date: © July, 2004
ISBN : 978-1-45183-279-2
Stock #: 1ROMEA0022004
English
Stock Status: On back-order

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes
PDFYes
ePubYes
MobipocketYes

Description

This Selected Issues paper for Romania reports that the practice of nonpayment and arrears accumulation has been widespread in Romania. Managers of enterprises that remain in the pipeline for privatization for long periods of time have little incentive to reduce arrears. The state contributed to growth of arrears by accepting nonmonetary tax and utility payments, using tax offsets in procurement, and tolerating payment arrears. These practices have been prevalent at all levels of state and local government, as well as state utility companies.




More publications in this series: IMF Staff Country Reports