Fiscal Management in Russia

Fiscal Management in Russia PDF Author: Philippe Le Houerou
Publisher: World Bank Publications
ISBN: 9780821335680
Category : Business & Economics
Languages : en
Pages : 202

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Book Description
Presents contributions from more than 200 World Bank staff members and consultants on their experiences with participatory approaches to development activities. The Sourcebook serves as a reference guide to participatory development, featuring country case studies, pointers for participatory planning and decisionmaking, and ways of enabling the poor to participate. It also discusses the role of nongovernmental organizations in this area. Annexes include descriptions of methods and summaries of background papers.

Fiscal Management in Russia

Fiscal Management in Russia PDF Author: Philippe Le Houerou
Publisher: World Bank Publications
ISBN: 9780821335680
Category : Business & Economics
Languages : en
Pages : 202

Get Book Here

Book Description
Presents contributions from more than 200 World Bank staff members and consultants on their experiences with participatory approaches to development activities. The Sourcebook serves as a reference guide to participatory development, featuring country case studies, pointers for participatory planning and decisionmaking, and ways of enabling the poor to participate. It also discusses the role of nongovernmental organizations in this area. Annexes include descriptions of methods and summaries of background papers.

Fiscal management in Russia

Fiscal management in Russia PDF Author: Banco Mundial
Publisher:
ISBN:
Category : Administracion fiscal - Rusia
Languages : en
Pages : 168

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Book Description


Fiscal Management in the Russian Federation

Fiscal Management in the Russian Federation PDF Author: World Bank
Publisher:
ISBN:
Category :
Languages : en
Pages : 160

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Book Description


Russian Federation

Russian Federation PDF Author:
Publisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 0

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Book Description


Russian Federation

Russian Federation PDF Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 149834805X
Category : Business & Economics
Languages : en
Pages : 81

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Book Description
This paper discusses key findings of the pilot Fiscal Transparency Evaluation for the Russian Federation. Most aspects of Russia’s fiscal reporting and budgeting practices are in line with good or advanced practice under the July 2013 draft of the Fiscal Transparency Code. The disclosure and management of fiscal risks has significantly improved in recent years. The evaluation highlights a number of important areas where fiscal transparency practices could be further improved. Addressing these gaps in fiscal transparency practices would enable the government to provide a more complete picture of its fiscal position, prospects, and risks.

Financial Management, Town of Russia

Financial Management, Town of Russia PDF Author: New York (State). Office of the State Comptroller. Division of Local Government & School Accountability
Publisher:
ISBN:
Category : Auditing, Internal
Languages : en
Pages : 12

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Book Description


Subnational Budgeting in Russia

Subnational Budgeting in Russia PDF Author: Lev M. Freinkman
Publisher: World Bank Publications
ISBN: 9780821345931
Category : Business & Economics
Languages : en
Pages : 146

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Book Description
"Not only are Russia's regions economically diverse, but the policies that regional governments have adopted to deal with the strains of economic transition also vary widely. Some regions have generally embraced market reforms, while others have sought to preserve enclaves of socialism, with price restrictions, large subsidies, and barriers to trade." Reforms of Russia's budgetary system at the subnational level are vital to preserve macroeconomic stability, improve the efficiency and accountability of government, and enhance incentives for local and regional governments to vigorously support economic growth. Previous analytical and reform efforts have focused on possible changes at the federal level and in the system of center-region relations. An opportunity now exists to make progress by providing reform advice and conditional aid to policymakers at the regional and subregional level. This report focuses on opportunities for reform at the subnational level. It reviews recent trends in fiscal adjustment, budgeting, and government debt at the regional and local levels in Russia. It analyzes major problems and suggests a number of measures and performance indicators that could form part of a reform strategy initiated by the Government of Russia.

Measuring the Performance of Fiscal Policy in Russia

Measuring the Performance of Fiscal Policy in Russia PDF Author: Antonio Spilimbergo
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451862607
Category :
Languages : en
Pages : 19

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Book Description
This paper evaluates the performance of fiscal policy in Russia since the 1998 crisis along several dimensions, using a variety of indicators. Russia has progressed tremendously in recent years on public debt sustainability, largely thanks to the fact that the real interest rates on public debt have been negative and growth has been high. However, the constant oil-price balance shows a progressive worsening starting in 2001, with a modest reversal in 2004. The analysis of the non-oil fiscal balance shows that Russian fiscal policy has had a mixed record. Part of the windfalls were spent before the introduction of the oil stabilization fund, but most of the oil revenues have been saved during the last two year. This poses an important challenge for future years when the automatic saving mechanism provided by the oil stabilization fund will be weakened by the approved increase in the reference oil price. The standard fiscal impulse shows that budget policy has not contributed to the increase in aggregate demand since 2003. However, the fiscal position was not tight enough to contain the inflationary effects of the exceptional oil windfalls on the economy as a whole.

Russia

Russia PDF Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
This Report discusses the challenge of budget financing of core structural reforms, within a broader framework of fiscal management reforms in Russia. It argues that explicit financing of structural reforms is fully justifiable because these are the investments in the institutional infrastructure with a high rate of return. Furthermore, Russia currently appears to have fiscal room for some incremental spending. However, the number of simultaneous reform initiatives, should be kept limited to ensure that the accumulation of new liabilities do not undermine fiscal sustainability. In addition, the Government's commitment to explicit reform financing should be accompanied by additional steps in strengthening the fiscal management system. The adoption of formal fiscal rules could strengthen the government's ability to manage external shocks, as well as provide budget support for the reform process in a predictable and affordable way. The Report develops estimates for fiscal costs of three key structural reforms (in civil service, housing, and the pension system), reviews the feasibility of different reform options, and provides recommendations related to their planning and sequencing. Key structural reforms are seen as medium-term projects/programs, thus suggesting that implementation of these and other structural reforms, can be put in the context of medium-term expenditure framework (MTEF) that evolve in Russia. A general framework is developed for costing-out the direct fiscal effects of various reforms in the area of public administration. It is suggested that broad reforms in the core government administration, and in the civilian public sector at large, may be implemented within five to seven years, but should be differentiated by the scope of pay adjustment in various sub-sectors of civilian employment, complemented by significant staffing adjustments in the civilian public sector, as well as by at least, some staff reductions in the core government administration.

Strengthening Russia's Fiscal Framework

Strengthening Russia's Fiscal Framework PDF Author: Ms.Charleen Gust
Publisher: International Monetary Fund
ISBN: 1475568037
Category : Business & Economics
Languages : en
Pages : 60

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Book Description
Though many aspects of Russia's fiscal policy framework are close to best practice on paper, actual practice in recent years has been moving away from best practice. In particular, the continued focus on the overall rather than the nonoil balance, and the regular use of supplemental budgets to spend windfall oil revenues contribute to procylicality of fiscal policy, risking costly boom-bust cycles. Against this background, this paper suggests several improvements to the framework for fiscal policy.