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Monetary-Credit and Budgetary Spheres

Author

Listed:
  • Sergey Sinelnikov

    (Gaidar Institute for Economic Policy)

  • Ilya Sokolov

    (Gaidar Institute for Economic Policy)

  • Tatiana Tischenko

    (Gaidar Institute for Economic Policy)

Abstract

In the context of limitation of government expenditures, efficiency of their spending should be improved. The quality of budget governance can be improved by using a comprehensive approach only that will help to cover the broadest range of the applied regulating tools and to align their application in time. With this in view, in the near future a focus should be placed on resolution of the issues of budget system restructuring, higher transparency of the state procurement system and optimization of certain budget procedures. As a favorable institutional environment evolves in the country, any further development of such governance tools as the result-oriented budget, target program activities, state and private partnership can become an important factor of budget expenditures streamlining and improvement of efficiency of the entire budget process.

Suggested Citation

  • Sergey Sinelnikov & Ilya Sokolov & Tatiana Tischenko, 2011. "Monetary-Credit and Budgetary Spheres," Working Papers 0020, Gaidar Institute for Economic Policy, revised 2011.
    • Handle: RePEc:gai:wpaper:0020
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    File URL: https://www.iep.ru/files/RePEc/gai/wpaper/0020Sinelnikov-Sokolov-Tischenko.pdf
    File Function: Revised version, 2012
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    More about this item

    Keywords

    monetary policy; national budget;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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