Fiscal balances have started to improve as a result of a stronger economic performance, but it will take further effort to replenish buffers. The growth recovery is contributing to buoyant revenue collection across the region, particularly in value-added tax collections, as domestic consumption strengthens. Similarly, a leveling off of public spending in 2021 after the countercyclical surge of 2020 is helping on the expenditure side. As a result...
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2021/10/01
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Working Paper
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165277
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1
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1
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2021/10/21
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Disclosed
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Greening the Recovery
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Citation
Madzarevic-Sujster,Sanja; Record,Richard James Lowden.
Greening the Recovery (English). Western Balkans Regular Economic Report|no. 20 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/900381634670558017