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How to Ensure Fiscal Sustainability in Russia

Author

Listed:
  • I. A. Sokolov

    (Russian Presidential Academy of National Economy and Public Administration)

  • S. G. Belev

    (Gaidar Institute for Economic Policy)

  • O. V. Suchkova

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

— The COVID-19 pandemic and global economic crisis aggravated risks to long-term fiscal stability in Russia. The article analyzes why compliance with the fiscal rule prevents us from curbing these risks, and the way in which construction of this rule should be modified to improve its efficiency. It makes a strong case for system-based fiscal consolidation to enhance fiscal stability and presents options for optimization of spending and tax increases.

Suggested Citation

  • I. A. Sokolov & S. G. Belev & O. V. Suchkova, 2021. "How to Ensure Fiscal Sustainability in Russia," Studies on Russian Economic Development, Springer, vol. 32(4), pages 383-390, July.
    • Handle: RePEc:spr:sorede:v:32:y:2021:i:4:d:10.1134_s1075700721040158
    DOI: 10.1134/S1075700721040158
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