Notes1 This paper assesses fiscal management and central banking in Cuba and makes recommendations for improvement. The first section discusses what could be considered best practices in legal and regulatory frameworks for the implementation of modern fiscal management practices; the role that a central fiscal authority should play; and the types of policies and administrative […]

Notes1 This paper reviews the fiscal policy reform experience of economies in transition to a market economy, summarizes best practices, and with this background assesses the fiscal policy reforms taking place in Cuba. The paper addresses four main areas: tax policy, tax administration, budgetary and accounting practices, and public expenditure policy. One comment is warranted […]

Notes1 Systems of financial support for old people are experiencing serious financial difficulties worldwide and the old-age, disability, and survivors’ pension system of Cuba (the pension system from now on) is no exception to this trend. The pension system of Cuba has been extensively discussed in the literature by Mesa-Lago (see below) and it has […]

Notes1 El Artículo XVII de la Constitución de 1940 contiene cuatro partes: la primera trata sobre los bienes y las finanzas del estado; la segunda sobre el presupuesto; la tercera sobre el Tribunal de Cuentas; y la cuarta sobre la economía nacional. Los comentarios que ofrezco en este panel son desde el punto de vista […]