scholarly journals Expected Federal Budget Surplus: How Much Confidence Should the Public and Policymakers Place in the Projections?

2001 ◽  
Author(s):  
Kevin L. Kliesen ◽  
Daniel L. Thornton
Keyword(s):  
Federal Budget ◽  
The Public ◽  
Budget Surplus

On priority development of knowledge economy

2021 ◽  
pp. 15-22
Author(s):  
A.G. Aganbegyan ◽  
Keyword(s):  
Mortality Rate ◽  
Knowledge Economy ◽  
Federal Budget ◽  
The Public ◽  
National Economic ◽  
Working Age ◽  
Low Efficiency ◽  
Child Mortality Rate ◽  
Main Component ◽  
High Level

A.G. Aganbegyan considers the knowledge economy as the main component of human capital. He analyzes certain areas of the knowledge economy (R&D, healthcare and education) by comparing relevant results demonstrated by Russian regions with similar indices reported for other countries. The article points out positive and negative aspects, e.g. high level and quality of education v. low efficiency of its application; lower cancer mortality rate and particularly child mortality rate v. high mortality from cardiovascular disease among working-age population, etc. Major causes of negative phenomena include insufficient funding of the public sector and inefficient administration. In order to remedy the situation, the author recommends the development of a new federal budget, transition to national economic planning and adjustment of national projects.

scholarly journals 5.6. QUALITY ASSESSMENT OF FINANCIAL MANAGEMENT IN THE public sector: METHODICAL ASPECTS

2020 ◽  
Author(s):  
Л.И. Ткаченко
Keyword(s):  
Public Finance ◽  
Public Sector ◽  
Quality Assessment ◽  
Financial Management ◽  
Federal Budget ◽  
Operational Efficiency ◽  
The Public ◽  
Public Financial Management ◽  
Methodological Aspects

В статье обоснована актуальность оценки качества управления государственными финансами с целью повышения эффективности их использования. Проанализировано развитие методики оценки качества финансового менеджмента главными администраторами средств федерального бюджета за период с 2008 по 2019 гг. Исследованы методические аспекты определения итоговой оценки качества финансового менеджмента. В частности, проанализирован расчет некоторых показателей операционной эффективности расходов бюджета и дана их интерпретация. Представлен авторский взгляд на расчет и интерпретацию проанализированных показателей. The author in this article substantiates the relevance of assessing the quality of public financial management in order to increase the efficiency of use of public finance. The development of the methodology for assessing the quality of financial management by the chief administrators of the federal budget for the period from 2008 to 2019 is analyzed. Methodological aspects of determining the final assessment of the quality of financial management are investigated. In particular, it analyzes the calculation of some indicators of the operational efficiency of budget expenditures and gives their interpretation. The author's view on the calculation and interpretation of the analyzed indicators is presented.

The treasury system of Russia–2021: New development trends amid increasing budgetary constraints

2021 ◽  
Vol 27 (2) ◽  
pp. 244-271
Author(s):  
Ol'ga V. GLUSHAKOVA
Keyword(s):  
Public Finance ◽  
Institutional Environment ◽  
Federal Budget ◽  
Payment System ◽  
Payment Systems ◽  
The Public ◽  
Payment Mechanism ◽  
Power Resources ◽  
Comparison Results ◽  
Regional Budgets

Subject. The article focuses on institutional transformations in bodies of the Federal Treasury in adopting the treasury payment mechanism and treasury service. Objectives. I analyze the performance of the public finance system in Russia during the COVID-19 crisis, and identify steps of the institutional environment emergence so as to adopt the treasury payment system and treasury service. I also evaluate whether it is possible to ensure the balance of the federal budget and regional budgets in Russia by placing temporarily available funds when introducing the treasury payment mechanism and implementing the technology of the single treasury account. Methods. The study is based on the systems and institutional approaches. I also resorted to general methods, such as the analysis, synthesis, comparison. Results. The revenue of the federal budget was found to drop considerably due to the lower business activity in Russia and worldwide and a decrease in the demand and prices for strategic power resources. The article outlines steps of the institutional environment emergence to adopt the treasury payment system and treasury service. Additional income from the placement of temporarily available federal and regional funds was found to be insufficient to ensure the balance of the above budgets. Conclusions and Relevance. Going beyond the structural conservatism of the national economy will lower the public finance sustainability risks amid rapidly changing development challenges, including the COVID-19 that outbroke worldwide in 2020. The findings can be used for practical purposes by the Federal Treasury and other parties to the treasury payment systems so as to improve its performance.

scholarly journals 5 financial System: an Integrated approach in the Context of the State financial Policy

2018 ◽  
Vol 22 (5) ◽  
pp. 56-72
Author(s):  
Yu.  N.  Vorob’ev ◽  
L.  M.  Borshch
Keyword(s):  
Social Reproduction ◽  
Federal Budget ◽  
Integrated Approach ◽  
The State ◽  
Point Of View ◽  
Financial Policy ◽  
The Public ◽  
Progressive Development ◽  
New Approaches ◽  
Scientific Arguments

The purpose of our study was to substantiate theoretically and applied integrated approaches to the functioning and development of the fnancial system in the context of the state fnancial policy under the international sanctions. The study has been based on the theory of fnance, the dialectical method, and scientifc argumentation. We used a systemic approach, historical and economic-statistical methods as well. The authors substantiate the important scientifc direction of the modern fnancial system — modernization and progressive development and determine the consolidating functions of the state fnancial regulation, aimed at eliminating the imbalance, including new approaches to fnancing the budget defcit at the expense of borrowed funds. New approaches to macroeconomic orientation form new opportunities for modern modifcations in the fnancial system. On the basis of scientific arguments, the authors showed that although the federal budget of Russia plays a key role in the development of the fnancial system and the fnancial market, and the state fnancial policy acts as a macroeconomic regulator, the fnancial system of Russia develops on the basis of its own laws arising within it. The authors substantiate the point of view that the state fnancial policy is aimed at revealing the diversity of the functions of money circulation. This has an impact not only on social reproduction but also on the functioning and development of the fnancial system as a whole. The public fnancial policy should take into account the peculiarities of the functioning and development of the fnancial system in the context of constantly occurring macro-, meso-, and microeconomic processes. Of course, this will allow applying new approaches to modern changes in the fnancial system, and will also indicate the existence of a communicative convergent market, which is a sign of the formation of a “market of symbolic exchange of signs”, and hence of the new monetary changes.

scholarly journals Managing Nigeria’s development through the public budget: Lessons from the foundations laid by Okotie-Eboh, 1958–1965

2017 ◽  
Vol 5 (1) ◽  
Author(s):  
Adetunji Ogunyemi
Keyword(s):  
Economic Development ◽  
House Of Representatives ◽  
Public History ◽  
Federal Budget ◽  
Public Budget ◽  
The Public ◽  
Finance Minister ◽  
The 1960S ◽  
The Individual

This article examines the essential issues in the economic development of Nigeria in the 1960s as shown in all the budget speeches presented to the parliament by her first indigenous Finance Minister, Festus Okotie-Eboh. The study highlights the Minister’s efforts to obtain parliamentary approval for the Appropriation Bills laid by his government before the Nigerian House of Representatives in Lagos. The purpose being to underscore the role of the individual in shaping the course of the development of any nation. Hence, the study identifies the fiscal policy orientation upon which the key programmes and projects reflected in such speeches were built. It also establishes the extent to which the projects were achieved. The study concludes that Chief Okotie-Eboh’s parliamentary speeches on Nigeria’s federal budget, though loaded with oversized literary niceties, were still, rather than depictive of a mere display of endless parliamentary filibustering, indeed, a veritable part of the sources of Nigeria’s public history.

Framing and the Public Agenda: Media Effects on the Importance of the Federal Budget Deficit

1998 ◽  
Vol 15 (2) ◽  
pp. 205-224 ◽  
Author(s):  
Amy E. Jasperson ◽  
Dhavan V. Shah ◽  
Mark Watts ◽  
Ronald J. Faber ◽  
David P. Fan
Keyword(s):  
Media Effects ◽  
Budget Deficit ◽  
Federal Budget ◽  
The Public ◽  
Federal Budget Deficit ◽  
Public Agenda
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