The MNB had decided to organise a workshop on fiscal gimmicks such as off-budget activities and temporary measures. The issue of off-budget operations is usually ignored within the EU – the first mention of loss-making public companies was made in the Commission’s latest country report on Portugal. The concept of temporary measures was introduced by the new Stability and Growth Pact. However, their identification may prove very difficult in practice, since there is no common methodology. In fact, capital injections are often claimed to be related to temporary measures, without recognising the underlying causes, namely, the off-budget operations hidden in the corporate sector. This volume consists of seven papers and three discussions.
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The articles of this volume can be separately downloaded below: