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Budget System Reform in Transitional Economies : The Experience of Russia

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  • JACK DIAMOND

Abstract

This paper stresses the role of budget system reform in economies in transition as an essential basis for the implementation of effective fiscal policies. However, introducing such structural reforms in often unstable economic environments has not proved easy. Using Russia as a case study, the magnitude of the problems faced is documented and the strategy of reform eventually adopted is critically reviewed. In conclusion, some lessons are drawn for other transitional countries undertaking similar reforms and the future agenda for completing these reforms in Russia is indicated.

Suggested Citation

  • Jack Diamond, 2003. "Budget System Reform in Transitional Economies : The Experience of Russia," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 39(1), pages 8-23, January.
    • Handle: RePEc:mes:emfitr:v:39:y:2003:i:1:p:8-23
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    Cited by:

    1. Mr. Jack Diamond, 2005. "Reforming the Russian Budget System: A Move to More Devolved Budget Management?," IMF Working Papers 2005/104, International Monetary Fund.
    2. Abd. Ghani, Judhiana & Grewal, Bhajan & Ahmed, Abdullahi D. & Mohamed Nor, Norashidah, 2019. "Fiscal Decentralisation and Economic Growth in Malaysia: A Market Preserving Federalism Perspective," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(1), pages 153-170.
    3. Lehmbruch, B., 2012. "It takes two to quango: post-Soviet fiscal relations, political entrepreneurship and agencification from below," ISS Working Papers - General Series 538, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    4. Yushkov, Andrey, 2015. "Fiscal decentralization and regional economic growth: Theory, empirics, and the Russian experience," Russian Journal of Economics, Elsevier, vol. 1(4), pages 404-418.

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    Keywords

    budget system reform; Russia;

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