摘要：Most BRO countries – denoting Baltics,Russia,and other countries of the former Soviet Union – have made genuine fiscal adjustments since 1996,with deficits declining notably because of revenue increases and expenditure cuts.Apart from the Baltics,however,only a few countries appear to have achieved fiscal sustainability.This reflects high levels of public debt in a number of countries,heavy reliance on petroleum revenues in some others,compressed social spending,and continuing,if diminished,levels of budgetary arrears and quasi-fiscal activities in a few.Many countries also have high poverty rates;and in several,further revenue mobilization will be needed to fund higher social spending as a means of combating poverty.
关键词：Most BRO countries – denoting Baltics,Russia,and other countries of the former Soviet Union – have made genuine fiscal adjustments since 1996,with deficits declining notably because of revenue increases and expenditure cuts.Apart from the Baltics,however,only a few countries appear to have achieved fiscal sustainability.This reflects high levels of public debt in a number of countries,heavy reliance on petroleum revenues in some others,compressed social spending,and continuing,if diminished,levels of budgetary arrears and quasi-fiscal activities in a few.Many countries also have high poverty rates;and in several,further revenue mobilization will be needed to fund higher social spending as a means of combating poverty.
