Balanced Budget System: Organizational and Financial Tools

Е.О. Mirgorodskaya, L.Yu. Andreeva, I.V. Sugarova, R.A. Sichev
European Research Studies Journal, Volume XX, Issue 3B, 300-319, 2017
EOI: 10.11214/thalassinos.20.05.027

Abstract:

The organizational and financial tools aimed at management of the Russian balanced budget are considered in the article. The Russian economy differs by instability of budget indices, which reduces economic growth and provokes strengthening of fiscal risks both for the entire national economy and its regions.To institutionalize the new budget rule non-keynesian effects of fiscal consolidation are assessed. These effects are related with the prevention of fiscal risks formation due to budget forecasting and increase of the economy adaptive capacity with the use of the budgetary rules institutional design.


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