Fiscal maneuver and restructuring the Russian economy

A. Kudrin () and Ilya Sokolov

Voprosy Ekonomiki, 2017, issue 9

Abstract: The paper discusses fiscal policy parameters for the period through 2024. The suggested way to ensure long-term fiscal stability is stabilization of both the general government revenues and expenditure in percent of GDP at levels differing by the public debt service payments, and then applying a new version of the fiscal rule. Redistribution of fiscal spending from “unproductive” to “productive” areas (primarily investment in human and physical capital) is considered as a way to boost economic growth. Possible use of additional spending on education, public health, and transport system is presented, as well as optimization of expenditures in “nonproductive” areas.

Date: 2017
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Journal Article: Fiscal maneuver and restructuring of the Russian economy (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2017:id:22

DOI: 10.32609/0042-8736-2017-9-5-27

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