文章基本信息

标题：Russian fiscal framework: Past, present and future. Do we need a change?
本地全文：下载
作者：Sergey Vlasov
期刊名称：BOFIT Online
电子版ISSN：1456-811X
出版年度：2011
出版社：Bank of Finland Institute for Economies in Transition (BOFIT)
摘要：This study examines the Russian public finance system. It provides a description of the main fiscal reforms introduced by the Government from the moment of dissolution of the USSR, which enabled a reduction in the economy’s dependency on nonrenewable resources. In scrutinizing the fiscal stabilization, we conduct a fiscal impulse factor analysis and estimate the degree of the fiscal-policy cyclicality in the period 2000-2013. The estimates show fiscal policy was procyclical in 2006-2008 and stabilizing during the rest of the period. The study also discusses fiscal sustainability issues for the period up to 2050 under two socio-economic scenarios. The size of the necessary fiscal consolidation under the current fiscal strategy is calculated and an alternative strategy is investigated