FISCAL ASPECTS OF ECONOMIC GROWTH IN THE CENTRAL AND EASTERN EUROPE

The countries of Central and Eastern Europe had similar experiences on their way to economic and political transformation. All of them had to reform their economies as a consequence of the economic and political transformation. Their transition from the centralised to free-market economy entailed various social tensions and economic costs. This paper presents results of an analysis of the choice and efficiency of the fiscal instruments applied in the Central and Eastern Europe countries in reaching the primary objective of any fiscal policy, which is to facilitate sustainable economic growth.