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Fiscal Federalism and Financial Stabilization

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  • A. Lavrov

Abstract

From the standpoint of interbudget relations, the current situation is unique in that the consolidated budget deficit is entirely concentrated at the federal budget level, while the principal reserves for reducing irrational budget spending (above all, economically and socially ineffective subsidies to different branches of the national economy) are concentrated at the regional budget level. In connection therewith, requirements of the financial stabilization program should be taken into account in the process of reforming relations among different levels of the budget system.

Suggested Citation

  • A. Lavrov, 1996. "Fiscal Federalism and Financial Stabilization," Problems of Economic Transition, Taylor & Francis Journals, vol. 39(1), pages 83-94.
  • Handle: RePEc:mes:prectr:v:39:y:1996:i:1:p:83-94 DOI: 10.2753/PET1061-1991390183
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    Cited by:

    1. Zhuravskaya, Ekaterina V., 2000. "Incentives to provide local public goods: fiscal federalism, Russian style," Journal of Public Economics, Elsevier, pages 337-368.
    2. Zhuravskaya, Ekaterina V., 2000. "Incentives to provide local public goods: fiscal federalism, Russian style," Journal of Public Economics, Elsevier, pages 337-368.
    3. Desai, Raj M. & Freinkman, Lev & Goldberg, Itzhak, 2005. "Fiscal federalism in rentier regions: Evidence from Russia," Journal of Comparative Economics, Elsevier, pages 814-834.
    4. Raj M. Desai & Lev M. Freinkman & Itzhak Goldberg, 2003. "Fiscal federalism and regional growth : evidence from the Russian Federation in the 1990s," Policy Research Working Paper Series 3138, The World Bank.

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