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Political And Economic Results Of January 2015

Author

Listed:
  • Sergey Zhavoronkov

    (Gaidar Institute for Economic Policy)

Abstract

In January 2015, the Russian Government approved a plan providing for 10% budget spending cuts (except defense, social benefi ts, agriculture costs and external debt repayment) and extensive fi nancial aid to the banking sector. Most of the proposals on supporting small businesses and lowering administrative barriers were suspended or moved to the jurisdiction of constituent territories of the Russian Federation which have no interest in easing the tax burden on this type of business. However, the plan will be updated and fi nalized in March this year, when an updated budget 2015 is approved. Instead of easing sanctions against Russia, the enforcement of tougher sanctions was put on the agenda after the Minsk peace talks broke off and combat operations resumed in Ukraine.

Suggested Citation

  • Sergey Zhavoronkov, 2015. "Political And Economic Results Of January 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 2-4, February.
    • Handle: RePEc:gai:recdev:459
    as

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    More about this item

    Keywords

    THE POLITICAL AND ECONOMIC RESULTS;

    JEL classification:

    • K0 - Law and Economics - - General
    • K1 - Law and Economics - - Basic Areas of Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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