Kosova budgetary sustainability and fiscal policy
Journal Title: Manager Journal - Year 2008, Vol 7, Issue
Abstract
Budgeting is the process of governmental resource allocation in order to achieve specific social and economic goals. Since the governmental resources are scarce in most transitional countries, as is the case in Kosova, they need to be allocated based on priority needs, in order to ensure greater efficiency. In post-war Kosova the primary objectives of drafting policies were concentrated around establishing budgeting systems, collecting revenues by means of the tax system and development of a comprehensive reconstruction programme, it could be said that these goals were achieved within a short period of time. When we take into account the fact that the Central Banking Authority of Kosova (CBAK) is still unable to completely manage the monetary policy, and does this only to a certain extent, and the fact that Kosova until now did not have access to additional foreign financing, these elements make it all the more necessary to be more careful in preserving fiscal sustainability, since the fiscal policy, until now, was the sole means of macroeconomic policies at the hands of the government. The objective of this paper is to present the proceedings of the Kosova fiscal policy and budgeting during 2000-2007, as well as provide several recommendations which could result in an increased efficiency in fiscal policy by generating budgetary revenues.
Authors and Affiliations
Myrvete Badivuku-Pantina, Faton Osmani
Keywords
Related Articles
- EP ID EP451815
- DOI -
- Views 75
- Downloads 0
Analysis of Leadership at The National Bank Of Romania
Leadership could be seen as a process to achieve company’s goals through company’s people. In any company and also in banks and central banks, leadership could register notable performance as a result of harmonization be...
Diplomacy and Diplomatic Protocol
The present study aims to observe relationships and determining factors between diplomacy and diplomatic protocol as outlined by historical and contextual analyses. The approach is very dynamic, provided that concepts ar...
The Dynamics of Romanian SM Es within the European Context
On a long term Romania’s economic and social development potential looks quite promising thanks to the potential that SMEs pose and that must be encouraged and stimulated to capitalize current and potential business oppo...
The Current Economic Crisis Probable Causes - Possible Evolutions
This paper is intended at emphasizing that the world today, too complex and vulnerable is a set of crises generating factors. Unfortunately, few are objective and the consequence of regularities. Most are created, in con...
Toxic economy - interferences with recent Romanian experience
What is the toxic economy? Economy through which the legislation and control in place, fails to provide a standard of living with sustainable uptrend, getting to transform assets into cash whose value is consumed unprodu...