Monetary-Credit and Budgetary Spheres

Sergey Sinelnikov-Murylev, Ilya Sokolov and Tatiana Tischenko

Working Papers from 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.

Keywords: monetary policy; national budget (search for similar items in EconPapers)
JEL-codes: E5 E6 (search for similar items in EconPapers)
Pages: 12443 words
Date: 2011, Revised 2011
New Economics Papers: this item is included in nep-tra
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https://www.iep.ru/files/RePEc/gai/wpaper/0020Sinelnikov-Sokolov-Tischenko.pdf Revised version, 2012 (application/pdf)

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