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Problems of Budgeting During “The Great Transformation”
Author(s) -
Vanagunas Stanley
Publication year - 1995
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.01033
Subject(s) - soviet union , politics , economic system , transformation (genetics) , economics , planned economy , political science , period (music) , political economy , law , biochemistry , chemistry , physics , acoustics , gene
The budget system of Lithuania, one of the nations that recently emerged from the former Soviet Union, is examined. The analysis draws a contrast between the present budget practices and those during the Soviet period, points out the problems that the Soviet budgeting legacy presents to a nation seeking transformation into an independent, market‐based political economy, and discusses other budgeting and financial dilemmas brought on by the bedrock reforms taking place in Lithuania and throughout the former USSR.