附註:Includes bibliographical references (pages 49-50).
Ch. 1. Traditional and Alternative Approaches to the Evaluation of Fiscal Adjustment -- Ch. 2. Quasi-Fiscal Activities in the FSU Countries -- Ch. 3. Armenia: Public Sector Balance and Hidden Deficit -- Ch. 4. Hidden Budget Subsidies, Quasi-Fiscal Subsidies and Contingent Liabilities in Armenia -- Ch. 5. Financing of Hidden Deficit and Ultimate Recipients of Quasi-Fiscal Subsidies -- Ch. 6. Main Policy Conclusions -- Annex A. External borrowing by Government of support of operations of the energy and utility sector -- Annex B. Main Annual Subsidy Flows in the Economy, 1996-2001, million Dram.
