Do Citizens Want Something for Nothing? Mass Attitudes and the Federal Budget

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

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The Instruments of the Stabilization Fund: The Experience and Prospects

Voprosy Ekonomiki ◽

10.32609/0042-8736-2004-3-65-75 ◽

2004 ◽

pp. 65-75 ◽

Cited By ~ 3

Author(s):

Mst. Afanasiev

Keyword(s):

Economic Growth ◽

Oil Prices ◽

Federal Budget ◽

Future Generations ◽

The World

Сreation of the stabilization fund has become the main feature of the Russian federal budget for 2004. This instrument provides the opportunity to reduce the dependence of budget incomes on the fluctuations of oil prices. The accepted model does not consider the world experience in building of such funds as the "funds for future generations", and the increase of other revenues from the growing oil prices as well. That can lead to shortening and immobilization of the financial basis of economic growth.

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Analysis of tax-spend nexus for Russian regional budgets

Voprosy Ekonomiki ◽

10.32609/0042-8736-2020-2-5-29 ◽

2020 ◽

pp. 5-29

Author(s):

Evsey T. Gurvich ◽

Natalia A. Krasnopeeva

Keyword(s):

Economic Growth ◽

Fiscal Policy ◽

Causal Relationship ◽

National Economy ◽

Federal Budget ◽

Fiscal Rules ◽

Fiscal Discipline ◽

Federal Level ◽

Regional Budgets ◽

Econometric Technique

We study the tax-spend nexus for Russian regional budgets. Causal relationship running from taxing to spending is found, thus supporting the concept “tax and spend” suggested by M. Friedman. Next, elasticity of expenditure by revenue is estimated for a panel of 80 regional budgets basing on data for 2000—2017. Estimates are in the range of 0.72 to 0.78 (depending on the econometric technique), which exceeds elasticity for the federal budget more than twice. This evidences that fiscal policy at the sub-federal (as distinct from the federal) level has clear pro-cyclical nature. Besides, the largest sensitivity of expenditure to revenue shocks is found for the item “national economy”, implying marked adverse implications for economic growth. We suggest to mitigate this effect by modifying fiscal rules for sub-federal budgets. They are currently aimed primarily at enhancing fiscal discipline, with less emphasis on countercyclical policy, insulating economy from fiscal shocks.

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Fiscal rules: Excessive limitation or indispensable instrument of fiscal sustainability?

Voprosy Ekonomiki ◽

10.32609/0042-8736-2016-4-5-29 ◽

2016 ◽

pp. 5-29 ◽

Cited By ~ 2

Author(s):

E. Gurvich ◽

I. Sokolov

Keyword(s):

Historical Data ◽

Federal Budget ◽

Fiscal Sustainability ◽

Fiscal Rules ◽

External Shocks ◽

Base Price ◽

Depth Analysis ◽

Fiscal Balance ◽

Lower Size ◽

Budget Expenditure

In-depth analysis of international and Russia’s experiences with implementing fiscal rules is presented. Theoretical and empirical evidences are suggested in favor of retaining the present fiscal rules with some modifications aimed at ensuring: a) a relatively stable level of federal budget expenditure with guaranteed full execution of all commitments; b) countercyclical fiscal policy, based on flexibleand proper reaction to revenue changes; and c) robustness of fiscal rules to internal and external shocks. The main new features suggested include modified calculation of the oil base price, different measurement of cyclical fiscal revenues, lower size of structural fiscal balance, and thorough specification of sources for each item of the balance. The modified rules envisage increased flexibility by relaxing to a pre-set extent and for a pre-set time spending limits in response to extreme shocks. The suggested version of fiscal rules has been tested by application to historical data for 2005-2015, and macro projections for 2015-2025.

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Keeping the Books: Federal Budget Battle Continues; Outlook for Occupational Health and Safety Remains Uncertain

The Synergist ◽

10.3320/1.2928493 ◽

1995 ◽

Vol 6 (12) ◽

pp. 1

Author(s):

AIHA Staff

Keyword(s):

Occupational Health ◽

Health And Safety ◽

Federal Budget ◽

Occupational Health And Safety

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Formation Of An Estimate For A State Contract With A Firm Price In The Construction Sector

Promyshlennoe i Grazhdanskoe Stroitel stvo ◽

10.33622/0869-7019.2020.03.47-57 ◽

2020 ◽

pp. 47-57

Keyword(s):

Construction Projects ◽

Cost Of Capital ◽

Federal Budget ◽

The State ◽

Structural Elements ◽

Construction Sector ◽

Construction Process ◽

Practical Application ◽

Stage Of Development ◽

Capital Construction

The issues of determining the estimated cost of capital construction projects with the involvement of Federal budget funds at the stage of development of project documentation, during verification of the accuracy of determining the estimated cost and the initial (maximum) contract price are considered. On the basis of the assessment of amendments to urban planning legislation for the purpose of implementing a state contract by the contractor ( based on the results of competitive procedures or without competitive procedures by decision of state authorities), the procedure for forming the estimate as part of a state (municipal) contract, the price of which is firm, is presented. For the purpose of mutual settlements between the customer and the contractor for the work performed, the formation of primary accounting documentation, as well as for checking the work performed by regulatory authorities, an example of drawing up an estimate of the state (municipal) contract on the basis of grouping costs according to structural elements and complexes of work is given. The result of the research conducted was the development of regulations and the formation of criteria for their practical application by state bodies, institutions, organizations and other participants in the investment-construction process, as well as recipients of budget funds, who perform the functions of the state (municipal) customer, developer and technical customer.

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