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Evolution of Russia’s Budgetary Policy in the 2000s: in Search of Financial Stability for the National Budget System

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Author Info

  • Sergey Drobyshevsky

    (Gaidar Institute for Economic Policy)

  • Sergey Sinelnikov-Murylev

    (Gaidar Institute for Economic Policy)

  • Ilya Sokolov

    (Gaidar Institute for Economic Policy)

Abstract

This 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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File URL: http://www.iep.ru/files/RePEc/gai/wpaper/0051Sinelnikov.pdf
File Function: Revised version, 2013
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Bibliographic Info

Paper provided by Gaidar Institute for Economic Policy in its series Working Papers with number 0051.

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Length: 27 pages
Date of creation: 2013
Date of revision: 2013
Handle: RePEc:gai:wpaper:0051

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Keywords: budget policy; financial stability; tax policy; fiscal policy; national budget.;

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