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Development of Long-term Budget Outlook: Regional Aspect

Author

Listed:
  • Igor Yu. Arlashkin

    (Russian Presidential Academy of National Economy and Public Administration)

  • Alexander N. Deryugin

    (Russian Presidential Academy of National Economy and Public Administration)

  • Kseniya A. Proka

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The article attempts to develop recommendations to regional authorities of the Russian Federation on developing long-term fiscal projections that enable to estimate the length and extent of changes in the public sector, which may arise as a result of the impact of economic and demographic factors. These recommendations include the ones on the predicting a number of demographic and economic indicators, as well as the parameters of regional budgets and are based on best practice of long-term forecasting in foreign countries. The article also provides guidance on assessing the sustainability of long-term projections to changes in individual demographic, economic or other factors.

Suggested Citation

  • Igor Yu. Arlashkin & Alexander N. Deryugin & Kseniya A. Proka, 2015. "Development of Long-term Budget Outlook: Regional Aspect," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 63-74, June.
    • Handle: RePEc:fru:finjrn:150307:p:63-74
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