Evolution of Russia’s Budgetary Policy in the 2000s: in Search of Financial Stability for the National Budget System
AbstractThis paper deals with 2008-2009 crisis which marked a new stage of Russia’s budgetary policy. Although the budget situation in Russia is presently much better than in the majority of the developed countries, reservation of high dependence on oil proceeds, observed trends in in the structure of expenditure obligations indicate the preservation of high risks of an unbalanced budget in long term perspective. Provision of budgetary and macroeconomic balance require adoption of urgent measures both in the sphere of tax policy and budget outlays.
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Bibliographic InfoPaper provided by Gaidar Institute for Economic Policy in its series Working Papers with number 0051.
Length: 27 pages
Date of creation: 2013
Date of revision: 2013
budget policy; financial stability; tax policy; fiscal policy; national budget.;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- G01 - Financial Economics - - General - - - Financial Crises
- H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
- H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-02 (All new papers)
- NEP-CIS-2013-03-02 (Confederation of Independent States)
- NEP-CWA-2013-03-02 (Central & Western Asia)
- NEP-MAC-2013-03-02 (Macroeconomics)
- NEP-PUB-2013-03-02 (Public Finance)
- NEP-TRA-2013-03-02 (Transition Economics)
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