Latest Articles from Russian Journal of Economics Latest 1 Articles from Russian Journal of Economics https://rujec.org/ Thu, 28 Mar 2024 11:27:12 +0200 Pensoft FeedCreator https://rujec.org/i/logo.jpg Latest Articles from Russian Journal of Economics https://rujec.org/ Fiscal maneuver and restructuring of the Russian economy https://rujec.org/article/27990/ Russian Journal of Economics 3(3): 221-239

DOI: 10.1016/j.ruje.2017.09.001

Authors: Alexey Kudrin, Ilya Sokolov

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 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.

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Research Article Thu, 31 Aug 2017 00:00:00 +0300