How to Ensure Fiscal Sustainability in Russia

The COVID-19 pandemic and global economic crisis aggravated risks to long-term fiscal stability in Russia. The article analyzes why compliance with the fiscal rule prevents us from curbing these risks, and the way in which construction of this rule should be modified to improve its efficiency. It ma...

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Detalles Bibliográficos
Autores principales: Sokolov, I. A., Belev, S. G., Suchkova, O. V.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Pleiades Publishing 2021
Materias:
Economic Policy
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8328120/
https://www.ncbi.nlm.nih.gov/pubmed/34366648
http://dx.doi.org/10.1134/S1075700721040158
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author Sokolov, I. A.
Belev, S. G.
Suchkova, O. V.
author_facet Sokolov, I. A.
Belev, S. G.
Suchkova, O. V.
author_sort Sokolov, I. A.
collection PubMed
description The COVID-19 pandemic and global economic crisis aggravated risks to long-term fiscal stability in Russia. The article analyzes why compliance with the fiscal rule prevents us from curbing these risks, and the way in which construction of this rule should be modified to improve its efficiency. It makes a strong case for system-based fiscal consolidation to enhance fiscal stability and presents options for optimization of spending and tax increases.
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spelling pubmed-83281202021-08-03 How to Ensure Fiscal Sustainability in Russia Sokolov, I. A. Belev, S. G. Suchkova, O. V. Stud Russ Econ Dev Economic Policy The COVID-19 pandemic and global economic crisis aggravated risks to long-term fiscal stability in Russia. The article analyzes why compliance with the fiscal rule prevents us from curbing these risks, and the way in which construction of this rule should be modified to improve its efficiency. It makes a strong case for system-based fiscal consolidation to enhance fiscal stability and presents options for optimization of spending and tax increases. Pleiades Publishing 2021-08-02 2021 /pmc/articles/PMC8328120/ /pubmed/34366648 http://dx.doi.org/10.1134/S1075700721040158 Text en © Pleiades Publishing, Ltd. 2021, ISSN 1075-7007, Studies on Russian Economic Development, 2021, Vol. 32, No. 4, pp. 383–390. © Pleiades Publishing, Ltd., 2021.Russian Text © The Author(s), 2021. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Economic Policy
Sokolov, I. A.
Belev, S. G.
Suchkova, O. V.
How to Ensure Fiscal Sustainability in Russia
title How to Ensure Fiscal Sustainability in Russia
title_full How to Ensure Fiscal Sustainability in Russia
title_fullStr How to Ensure Fiscal Sustainability in Russia
title_full_unstemmed How to Ensure Fiscal Sustainability in Russia
title_short How to Ensure Fiscal Sustainability in Russia
title_sort how to ensure fiscal sustainability in russia
topic Economic Policy
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8328120/
https://www.ncbi.nlm.nih.gov/pubmed/34366648
http://dx.doi.org/10.1134/S1075700721040158
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