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Strengthening Russias Fiscal Framework
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Book Synopsis Strengthening Russia's Fiscal Framework by : Ms.Charleen Gust
Download or read book Strengthening Russia's Fiscal Framework written by Ms.Charleen Gust and published by International Monetary Fund. This book was released on 2012-03-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though many aspects of Russia's fiscal policy framework are close to best practice on paper, actual practice in recent years has been moving away from best practice. In particular, the continued focus on the overall rather than the nonoil balance, and the regular use of supplemental budgets to spend windfall oil revenues contribute to procylicality of fiscal policy, risking costly boom-bust cycles. Against this background, this paper suggests several improvements to the framework for fiscal policy.
Book Synopsis Strengthening Russia's Fiscal Framework by : Charleen Gust
Download or read book Strengthening Russia's Fiscal Framework written by Charleen Gust and published by . This book was released on 2012-03-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though many aspects of Russia''s fiscal policy framework are close to best practice on paper, actual practice in recent years has been moving away from best practice. In particular, the continued focus on the overall rather than the nonoil balance, and the regular use of supplemental budgets to spend windfall oil revenues contribute to procylicality of fiscal policy, risking costly boom-bust cycles. Against this background, this paper suggests several improvements to the framework for fiscal policy.
Download or read book Russia written by Weltbank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This Report discusses the challenge of budget financing of core structural reforms, within a broader framework of fiscal management reforms in Russia. It argues that explicit financing of structural reforms is fully justifiable because these are the investments in the institutional infrastructure with a high rate of return. Furthermore, Russia currently appears to have fiscal room for some incremental spending. However, the number of simultaneous reform initiatives, should be kept limited to ensure that the accumulation of new liabilities do not undermine fiscal sustainability. In addition, the Government's commitment to explicit reform financing should be accompanied by additional steps in strengthening the fiscal management system. The adoption of formal fiscal rules could strengthen the government's ability to manage external shocks, as well as provide budget support for the reform process in a predictable and affordable way. The Report develops estimates for fiscal costs of three key structural reforms (in civil service, housing, and the pension system), reviews the feasibility of different reform options, and provides recommendations related to their planning and sequencing. Key structural reforms are seen as medium-term projects/programs, thus suggesting that implementation of these and other structural reforms, can be put in the context of medium-term expenditure framework (MTEF) that evolve in Russia. A general framework is developed for costing-out the direct fiscal effects of various reforms in the area of public administration. It is suggested that broad reforms in the core government administration, and in the civilian public sector at large, may be implemented within five to seven years, but should be differentiated by the scope of pay adjustment in various sub-sectors of civilian employment, complemented by significant staffing adjustments in the civilian public sector, as well as by at least, some staff reductions in the core government administration.
Download or read book Russian Federation written by and published by . This book was released on 2011 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Russia Rebounds by : Mr.David Edwin Wynn Owen
Download or read book Russia Rebounds written by Mr.David Edwin Wynn Owen and published by International Monetary Fund. This book was released on 2003-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia Rebounds analyzes Russia’s dramatic economic recovery since the country’s 1998 financial crisis, emphasizing macroeconomic issues and fiscal and banking sector reforms. The crisis was a massive shock to the system and a considerable surprise to both Russians and foreign investors, who a year before had come to think that the worst of the transition from a centrally planned to a market economy was over. Macroeconomic performance since the crisis has been impressive. The book assesses the contribution of various factors underlying this recovery and highlights key policy challenges to ensure its sustainability.
Book Synopsis Russian Federation by : International Monetary Fund
Download or read book Russian Federation written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-03 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Russian Federation economy saw growth of about 4 percent and a current account surplus—the result of favorable harvest, high oil prices, and reduced unemployment and inflation. Implementation of structural reforms initiated by the Central Bank of Russia (CBR), managing domestic demands, and non-vulnerability to oil price variation were suggested by the Executive Board as short and mid-term challenges. Strengthening monetary policy framework, allowing greater exchange rate flexibility, implementing Financial Sector Assessment Program (FSAP) recommendations, expansion of CBR powers, reduced state involvement in the economy, and enhancement of communication policies were also recommended.
Book Synopsis Better Policies Russia: Modernising the economy by : OECD
Download or read book Better Policies Russia: Modernising the economy written by OECD and published by OECD Publishing. This book was released on 2013-04-15 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the OECD’s expertise in comparing country experiences and identifying best practices, this book tailors the OECD’s policy advice to the specific and timely priorities of Russia, focusing on how its government can make reform happen.
Book Synopsis Russia's Virtual Economy by : Clifford G. Gaddy
Download or read book Russia's Virtual Economy written by Clifford G. Gaddy and published by Brookings Institution Press. This book was released on 2002 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clifford Gaddy's and Barry Ickes' thesis-- that Russia's economy is based on illusion or pretense about nearly every important economic yardstick, including prices, sales, wages and budgets-- has forced broad recognition of the inadequacies of the intended market reform policies in Russia and provided a coherent framework for understanding how and why so much of Russia's economy has resisted reform.
Book Synopsis OECD Economic Surveys: Russian Federation 2009 by : OECD
Download or read book OECD Economic Surveys: Russian Federation 2009 written by OECD and published by OECD Publishing. This book was released on 2009-07-15 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD's periodic survey of the Russian economy. This 2009 edition includes chapters on stabilisation and renewed growth, growth-friendly fiscal policy, more flexible exchange rate policy and more effective monetary policy, making the banking sector ...
Book Synopsis OECD Economic Surveys: Russian Federation 2011 by : OECD
Download or read book OECD Economic Surveys: Russian Federation 2011 written by OECD and published by OECD Publishing. This book was released on 2011-12-12 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD's 2011 Economic Survey of the Russian Federation examines recent economic developments, policies and prospects; the business climate, the fiscal framework, monetary policy, and energy efficiency.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1484343271 Total Pages :80 pages Book Rating :4.4/5 (843 download)
Book Synopsis Russian Federation by : International Monetary Fund. European Dept.
Download or read book Russian Federation written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2013-10-21 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2013 Article IV Consultation highlights that real GDP growth in Russia has slowed, amid weak investment and external demand. Yet, the economy remains close to full capacity, with unemployment at historic lows and capacity utilization at pre-crisis highs. Short-term indicators are mixed, but on balance suggest some recovery of activity in recent months, indicating a stronger growth outlook for the second half of 2013. The near-term outlook is for moderate growth and inflation at the upper end of the target range of the Central Bank of the Russian Federation (CBR).
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1475527403 Total Pages :54 pages Book Rating :4.4/5 (755 download)
Book Synopsis IMF Research Bulletin, June 2012 by : International Monetary Fund. Research Dept.
Download or read book IMF Research Bulletin, June 2012 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2012-06-05 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research summaries in the June 2012 issue of the IMF Research Bulletin are "Public Debt in Advanced Economies and Its Spillover Effects on Long-Term Yields" (by C. Emre Alper and Lorenzo Forni) and "Expansionary Fiscal Contractions: The Empirical Evidence" (by Rina Bhattacharya and Sanchita Mukherjee). The Q&A covers "Seven Questions about Income Inequality" (by Laura Feiveson). Also included in this issue are details on visiting scholars at the IMF, a listing of recently published IMF Working Papers and Staff Discussion Notes, as well as information on IMF Economic Review.
Author :United States. Congress. House. Committee on Appropriations. Subcommittee on Foreign Operations, Export Financing, and Related Programs Publisher : ISBN 13 : Total Pages :1680 pages Book Rating :4.0/5 (7 download)
Book Synopsis Foreign Operations, Export Financing, and Related Programs Appropriations for 2002 by : United States. Congress. House. Committee on Appropriations. Subcommittee on Foreign Operations, Export Financing, and Related Programs
Download or read book Foreign Operations, Export Financing, and Related Programs Appropriations for 2002 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Foreign Operations, Export Financing, and Related Programs and published by . This book was released on 2001 with total page 1680 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strengthening Domestic Resource Mobilization by : Raul Felix Junquera-Varela
Download or read book Strengthening Domestic Resource Mobilization written by Raul Felix Junquera-Varela and published by World Bank Publications. This book was released on 2017-06-29 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public spending plays a key role in the economic growth and development of most developing economies. This book analyzes revenues, policy, and administration of Domestic Resource Mobilization (DRM) in developing countries. It provides a broad landscape of practical examples, drawing from lessons learned in World Bank operations across Global Practices over the past several decades. It should be thought of as a starting point for a more comprehensive research agenda rather than a complete inventory itself. This book reviews the trends in tax revenue collection in developing countries. It provides an overview of efforts to close the revenue gap, many of which have been supported by World Bank operations. The book reviews the special challenges facing low income countries, which have traditionally relied on indirect revenues in the context of limited formalization of their economies. An overview of tax policy and administration reform programs is presented, with an overview of outstanding issues that will shape the policy agenda in years ahead.
Book Synopsis Russian Federation: Staff Report for the 2011 Article IV Consultation by : International Monetary Fund
Download or read book Russian Federation: Staff Report for the 2011 Article IV Consultation written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-09-27 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reports highlights that, even though the Russian economy has started reviving from the crisis, growth has been moderate and inflation high. Executive Directors have advised that the focus should be on reducing fiscal vulnerabilities, lowering inflation, promoting a stronger and more competitive banking system, and creating a favorable environment for investment and economic diversification. Directors encouraged the authorities to undertake growth-friendly, credible, and ambitious fiscal consolidation. They have supported the Financial Sector Assessment Program (FSAP) recommendations to strengthen financial sector policies.
Book Synopsis Decentralization in Client Countries by :
Download or read book Decentralization in Client Countries written by and published by World Bank Publications. This book was released on 2008-01-01 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Decentralization in Client Countries' assesses the effectiveness of Bank support for decentralization between fiscal years 1990 and 2007 in 20 countries, seeking to inform the design and implementation of future support. Given the difficulties of measuring the results of decentralization, the evaluation uses intermediate outcome indicators- such as strengthened legal and regulatory frameworks for intergovernmental relations, improved administrative capacity, and increased accountability of subnational governments and functionaries to higher levels of government and to local citizens- to assess the results of Bank support in these 20 cases. To examine potential lessons at a sectoral level, the evaluation also assesses whether Bank support for decentralization improved intermediate outcomes for service delivery in the education sector in 6 of the 20 countries.
Download or read book Assignment Russia written by Marvin Kalb and published by Brookings Institution Press. This book was released on 2021-04-13 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: A personal journey through some of the darkest moments of the cold war and the early days of television news Marvin Kalb, the award-winning journalist who has written extensively about the world he reported on during his long career, now turns his eye on the young man who became that journalist. Chosen by legendary broadcaster Edward R. Murrow to become one of what came to be known as the Murrow Boys, Kalb in this newest volume of his memoirs takes readers back to his first days as a journalist, and what also were the first days of broadcast news. Kalb captures the excitement of being present at the creation of a whole new way of bringing news immediately to the public. And what news. Cold War tensions were high between Eisenhower's America and Khrushchev's Soviet Union. Kalb is at the center, occupying a unique spot as a student of Russia tasked with explaining Moscow to Washington and the American public. He joins a cast of legendary figures along the way, from Murrow himself to Eric Severeid, Howard K. Smith, Richard Hottelet, Charles Kuralt, and Daniel Schorr among many others. He finds himself assigned as Moscow correspondent of CBS News just as the U2 incident—the downing of a US spy plane over Russian territory—is unfolding. As readers of his first volume, The Year I Was Peter the Great, will recall, being the right person, in the right place, at the right time found Kalb face to face with Khrushchev. Assignment Russia sees Kalb once again an eyewitness to history—and a writer and analyst who has helped shape the first draft of that history.
