Economic Policy in Russia Factors and Constraints

Sergey Bolshakov (), Yulia Bolshakova (), Sergey Tkachev () and Valery Zarubin ()
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Sergey Bolshakov: Syktyvkar State University named after Pitirim Sorokin Syktyvkar Republic of Komi, Postal: RU
Yulia Bolshakova: Komi Republican Academy of State Service and Administration St Petersburg Russia, Postal: RU
Sergey Tkachev: Komi Republican Academy of State Service and Administration Syktyvkar Republic of Komi, Postal: RU
Valery Zarubin: Herzen State Pedagogical University of Russia St Petersburg Russia, Postal: RU

Journal of Advanced Research in Law and Economics, 2016, vol. 7, issue 7, 1646-1652

Abstract: The protracted economic crisis caused by falling oil prices and lack of competitiveness of the Russian economy determines the value of predictive assessments of economic development Scenario modeling of options for the development of Russian economy in the medium term allows to reveal the trends and the likely priorities of economic development as well as measures of Russian state authorities The article assesses the macroeconomic indicators of economic development records a drop in effective demand and consumer sentiment index The growth of problems associated with the budget deficit and the performance of the state s social obligations is analyzed The dynamics of the state of the National Welfare Fund and the direction of fund investment are analyzed and political motivation of spending public funds and resources is stated

Date: 2016
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