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Evolution of Russia’s Budgetary Policy in the 2000s: in Search of Financial Stability for the National Budget System

Sergey Drobyshevsky, Sergey Sinelnikov-Murylev and Ilya Sokolov

Working Papers from Gaidar Institute for Economic Policy

Abstract: This paper deals with 2008-2009 crisis which marked a new stage of Russia’s budgetary policy. Although the budget situation in Russia is presently much better than in the majority of the developed countries, reservation of high dependence on oil proceeds, observed trends in in the structure of expenditure obligations indicate the preservation of high risks of an unbalanced budget in long term perspective. Provision of budgetary and macroeconomic balance require adoption of urgent measures both in the sphere of tax policy and budget outlays.

Keywords: budget policy; financial stability; tax policy; fiscal policy; national budget. (search for similar items in EconPapers)
JEL-codes: E52 E58 E62 G01 H61 H68 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2013, Revised 2013
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-mac, nep-pub and nep-tra
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Downloads: (external link) Revised version, 2013 (application/pdf)

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