IDEAS home Printed from https://ideas.repec.org/a/rnp/ecopol/ep1646.html
   My bibliography  Save this article

Independence Decrease and Centralization: Analysis of Expenditures of the Consolidated Budget of the Komi Republic

Author

Listed:
  • Timushev, Evgeny

    () (Laboratory of financial and economic problems, Institute for Socio-Economic and Power Problems of the North, Komi Scientific Center, Ural Branch of the Russian Academy of Sciences)

Abstract

Fiscal policy in a resource-rich and thus exposed to external factors country has to pay special attention to balancing the budget system. To analyze expenditures of the consolidated budget of the Komi Republic some theoretical approaches were applied, namely productive expenditures conception, some balance between current and capital expenditures and requirements of independence and a clear division of authority in multi-level budgetary systems. It is shown that from 2012 there grows the deficit of the republican budget of the Komi Republic while expenditure rate of growth is falling. It is accompanied by the centralization of budget funds and decrease of independence of local budgets. The current expenditures are steadily growing and capital expenditures falling. The rise of productive expenditures is due to increased education spending, but it is unlikely to cause sustainable economic growth because of centralization, descending infrastructure spending and capital expenditures, rise of deficit and debt, decrease of independence.

Suggested Citation

  • Timushev, Evgeny, 2016. "Independence Decrease and Centralization: Analysis of Expenditures of the Consolidated Budget of the Komi Republic," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 131-152, August.
  • Handle: RePEc:rnp:ecopol:ep1646
    as

    Download full text from publisher

    File URL: ftp://w82.ranepa.ru/rnp/ecopol/ep1646.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. G. Idrisov & S. Sinelnikov-Murylev., 2013. "Budget Policy and Economic Growth," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
    2. N Bose & M E Haque & D R Osborn, 2003. "Public Expenditure and Growth in Developing Countries: Education is the Key," Centre for Growth and Business Cycle Research Discussion Paper Series 30, Economics, The Univeristy of Manchester.
    3. A. Kudrin & E. Gurvich., 2014. "A New Growth Model for the Russian Economy," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 12.
    4. Wallace E. Oates, 1968. "The Theory of Public Finance in a Federal System," Canadian Journal of Economics, Canadian Economics Association, vol. 1(1), pages 37-54, February.
    5. Carmen M. Reinhart & Vincent R. Reinhart & Kenneth S. Rogoff, 2012. "Public Debt Overhangs: Advanced-Economy Episodes since 1800," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 69-86, Summer.
    6. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    7. S. Guriev & A. Plekhanov & K. Sonin., 2010. "Economics of Development Based on Commodity Revenues," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 3.
    8. A. Rubinstein., 2007. "Public Interests and the Theory of Public Goods," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    9. Emanuele Baldacci & Larry Q Cui & Benedict J. Clements & Sanjeev Gupta, 2004. "Social Spending, Human Capital, and Growth in Developing Countries; Implications for Achieving the MDGs," IMF Working Papers 04/217, International Monetary Fund.
    10. Easterly, William & Rebelo, Sergio, 1993. "Fiscal policy and economic growth: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
    11. E. Yasin., 2007. "Modernization and Society," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 5.
    12. Kneller, Richard & Bleaney, Michael F. & Gemmell, Norman, 1999. "Fiscal policy and growth: evidence from OECD countries," Journal of Public Economics, Elsevier, vol. 74(2), pages 171-190, November.
    13. V. Polterovich & V. Popov & A. Tonis., 2007. "Mechanisms of Resource Curse and Economic Policy," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
    14. G. Idrisov & S. Sinelnikov-Murylev., 2014. "Forming Sources of Long-run Growth: How to Understand Them?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 3.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    consolidated budget; Komi Republic; expenditures; productive expenditures;

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep1646. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RANEPA maintainer). General contact details of provider: http://edirc.repec.org/data/aneeeru.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.