How to Ensure Fiscal Sustainability in Russia

Ilya Sokolov, S. G. Belev and O. V. Suchkova
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S. G. Belev: Gaidar Institute for Economic Policy
O. V. Suchkova: Russian Presidential Academy of National Economy and Public Administration

Studies on Russian Economic Development, 2021, vol. 32, issue 4, 383-390

Abstract: Abstract— The COVID-19 pandemic and global economic crisis aggravated risks to long-term fiscal stability in Russia. The article analyzes why compliance with the fiscal rule prevents us from curbing these risks, and the way in which construction of this rule should be modified to improve its efficiency. It makes a strong case for system-based fiscal consolidation to enhance fiscal stability and presents options for optimization of spending and tax increases.

Keywords: fiscal sustainability; fiscal rule; fiscal consolidation (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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DOI: 10.1134/S1075700721040158

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