The Fiscal Structure of the Russian Federation

The Fiscal Structure of the Russian Federation PDF Author: A. M. Lavrov
Publisher: M.E. Sharpe
ISBN: 9780765607133
Category : Business & Economics
Languages : en
Pages : 312

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Book Description
A study of the allocation of state and public financial resources in the Russian Federation. Among the problems documented are the very high differentiation of the regions in terms of level of development, public welfare and self-sufficiency; and inefficiencies in the taxation system.

The Fiscal Structure of the Russian Federation

The Fiscal Structure of the Russian Federation PDF Author: A. M. Lavrov
Publisher: M.E. Sharpe
ISBN: 9780765607133
Category : Business & Economics
Languages : en
Pages : 312

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Book Description
A study of the allocation of state and public financial resources in the Russian Federation. Among the problems documented are the very high differentiation of the regions in terms of level of development, public welfare and self-sufficiency; and inefficiencies in the taxation system.

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.

Reforming Regional-local Finance in Russia

Reforming Regional-local Finance in Russia PDF Author: Jorge Martinez-Vazquez
Publisher: World Bank Publications
ISBN: 0821365584
Category : Political Science
Languages : en
Pages : 222

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Book Description
The exposition is based on an analytical framework covering all ?building blocks? of fiscal federalism: size and structure of jurisdictions, expenditures, revenues, transfers, and borrowing. The application of this framework to Russian settings results in a comprehensive assessment of the state of intergovernmental fiscal relations in Russia.

Intergovernmental Reforms in the Russian Federation

Intergovernmental Reforms in the Russian Federation PDF Author: Migara O. De Silva
Publisher: World Bank Publications
ISBN: 0821379682
Category : Political Science
Languages : en
Pages : 156

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Book Description
This study is a comprehensive review of fiscal federalism in the Russian Federation. It presents a strong case for greater decentralization. By succinctly surveying the literature on fiscal decentralization and clearly spelling out the main concepts, the volume sets the stage for the subsequent description of the fiscal system in Russia and its evolution through a succession of reforms guided by a desire on the part of Russian policymakers to craft a workable system of fiscal federalism. The authors not only describe the state of fiscal federalism in Russia at its key turning points, but they also provide insightful critical assessments of the reforms introduced at each stage. The book is rich with examples, which makes it an easy and exciting reading. The book's analysis of the history gives perspective to the authors' assessment of the current state of Russia's federalism. The authors make a strong case for greater decentralization in Russia based not only on the traditional economic benefits of fiscal federalism but also on the political benefits from local government competition. The richness of detail and the careful tracing of the reforms over the past nearly two decades also mean that this study will be an invaluable guide to both current observers with academic and policy interest in the recent fiscal federalism reforms as well as Russia's fiscal evolution since the early 1990s and its current fiscal challenges.

Regional Disparities and Fiscal Federalism in Russia

Regional Disparities and Fiscal Federalism in Russia PDF Author: Oksana Dynnikova
Publisher: International Monetary Fund
ISBN: 1513573640
Category : Business & Economics
Languages : en
Pages : 42

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Book Description
This paper examines how regional disparities have evolved in Russia and how Russia’s system of intergovernmental fiscal relations is managing these disparities. Regional disparities have fallen over the past two decades but remain relatively high. Socioeconomic outcomes remain worse in lagging regions despite faster growth and convergence in income levels. The twin shocks of COVID-19 and lower oil prices appear to have impacted richer regions disproportionately. Compared to other large countries with federal systems of government, Russia stands out with its high reliance on direct taxes as a revenue source for its regions. Transfers from the federal budget to the regions provide some redistribution by reducing the dispersion in real per capita fiscal spending, but also tend to be associated with lower growth. The Russian fiscal system offers degrees of redistribution and risk sharing of around 26 and 18 percent, respectively—with in-kind social transfers contributing the most. Finally, federal transfers in the aggregate tend to be procyclical and are also fairly unresponsive to shocks to regions’ own revenues.

Russia and the Challenge of Fiscal Federalism

Russia and the Challenge of Fiscal Federalism PDF Author: Christine Wallich
Publisher: Ashgate Publishing
ISBN: 9781859722251
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
This study examines Russia's system of intergovernmental finances as it operates at difference levels of government. It explains why such relations are critical to Russia's national goals and proposes the design of a well-functioning intergovernmental fiscal system. The book addresses two of the most divisive issues facing the federation today: the demands for fiscal sovereignty by the regions and the assignment of the revenues from natural resources to either the federal or regional level. It suggests that given Russia's need for growth, a new system should allow the better-off regions to derive some additional benefit from their larger tax base while also creating a formula-based equilization mechanism for transfers to poorer regions.

Fiscal Decentralization

Fiscal Decentralization PDF Author: Christine Wallich
Publisher: Washington, D.C. : World Bank
ISBN:
Category : Business & Economics
Languages : en
Pages : 170

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Book Description


Russian Federation

Russian Federation PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1463904207
Category : Business & Economics
Languages : en
Pages : 77

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Book Description
Even though the Russian authorities have maintained financial stability at the time of a major global shock, the financial system is still weak. The crisis has set back progress toward a strong, competitive banking system for the future. The recent unification of the supervision of nonbank financial institutions is an opportunity for strengthened oversight. A more structured corrective action regime and a unified administration regime for all banks, with broad powers for the administrator, would help strengthen the system further.

Russian Federation

Russian Federation PDF Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1513518402
Category : Business & Economics
Languages : en
Pages : 28

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Book Description
This Technical Assistance paper on the Russian Federation provides a summary of the changes to Russia’s fiscal transparency practices since 2014 and makes recommendations for further improvements. Russia has made important progress in enhancing the coverage and detail of fiscal reporting since 2014, but assurances of the quality and integrity of fiscal reporting remain incomplete. Reforms to the statistical treatment of taxes and nonfinancial assets have improved the comparability of budgets, statistics, and accounts but transparent reconciliations between the three are still not provided. It is imperative to make Rosstat fully independent of government and produce and publish metadata explaining in an accessible way how the main fiscal indicators or datasets are compiled. The ministry of finance has initiated an annual assessment of the quality of loans and will begin writing-down the value of doubtful debts from 2020. Separate detailed reconciliations of changes to revenue and expenditure are included in the documentation accompanying the annual budget.

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.