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https://doi.org/10.1016/j.ruje.2017.09.001
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Fiscal maneuver and restructuring of the Russian economy
[Zeitschriftenartikel]
Abstract The paper discusses fiscal policy parameters through 2024. The suggested way to ensure long-term fiscal stability is stabilizing both the general government revenues and expenditures as percentages of GDP at levels differing by the public debt service payments and then applying a new version of the ... mehr
The paper discusses fiscal policy parameters through 2024. The suggested way to ensure long-term fiscal stability is stabilizing both the general government revenues and expenditures as percentages of GDP at levels differing by the public debt service payments and then applying a new version of the fiscal rule. The redistribution of fiscal spending from unproductive to productive areas (primarily investment in human and physical capital) is considered to boost economic growth. The possible use of additional spending on education, public health, and transport systems is presented, as is the optimization of expenditures in nonproductive areas.... weniger
Thesaurusschlagwörter
Finanzpolitik; Wirtschaftswachstum; Russland
Klassifikation
Wirtschaftspolitik
Freie Schlagwörter
fiscal maneuver; state budget; productive expenditures; budget expenditures structure; structural reforms
Sprache Dokument
Englisch
Publikationsjahr
2017
Seitenangabe
S. 221-239
Zeitschriftentitel
Russian Journal of Economics, 3 (2017) 3
ISSN
2618-7213
Status
Veröffentlichungsversion; begutachtet
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0