Putin’s Budget Policies

Albrecht Rothacher ()

Chapter Chapter 4 in Putinomics, 2021, pp 157-162 from Springer

Abstract: Abstract Putin’s budget policies are shown to be on the prudent conservative side, the logic being to avoid a re-occurrence of dependence on international finance as during previous Russian crises. Yet while some sectors, like the military, the security apparatus, the armaments industry, small foreign wars and Putin’s pet projects are generously financed, other areas like health, transport infrastructure, education, R&D, housing and poverty reduction remain grossly under-funded. The chapter shows that full control of the budgetary process by the Kremlin has made this misallocation possible.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-74077-1_4

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DOI: 10.1007/978-3-030-74077-1_4

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