Development of Long-term Budget Outlook: Regional Aspect
Igor Yu. Arlashkin (),
Alexander Deryugin and
Kseniya A. Proka ()
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Igor Yu. Arlashkin: Russian Presidential Academy of National Economy and Public Administration
Kseniya A. Proka: Russian Presidential Academy of National Economy and Public Administration
Finansovyj žhurnal — Financial Journal, 2015, issue 3, 63-74
Abstract:
The article attempts to develop recommendations to regional authorities of the Russian Federation on developing long-term fiscal projections that enable to estimate the length and extent of changes in the public sector, which may arise as a result of the impact of economic and demographic factors. These recommendations include the ones on the predicting a number of demographic and economic indicators, as well as the parameters of regional budgets and are based on best practice of long-term forecasting in foreign countries. The article also provides guidance on assessing the sustainability of long-term projections to changes in individual demographic, economic or other factors.
Keywords: long-term forecast; long-term fiscal planning; subnational budgets; regional fiscal policy (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:150307:p:63-74
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