Budget Policy in 2019–2021: Between Scilla and Charibda

The article analyzes the federal budget for 2019–2021 and principle tools of pursuing budget policy of the Russian Federation. It assessed transformation of the budget policy model in the mentioned period, which aims at shaping the finance system able to counteract external shocks in the form of gr...

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Autores principales:	O. A. Grishina, V. A. Slepov, A. Yu. Chalova
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2019
Materias:	federal budget budget policy policy of effective consolidation preventive budget measures budget rule budget of development national projects priority of federal budget expenses proficiency of the federal budget indicative budget strategy Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/bea0201acb494142b5b8d9d8f71143eb
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id	oai:doaj.org-article:bea0201acb494142b5b8d9d8f71143eb
record_format	dspace
spelling	oai:doaj.org-article:bea0201acb494142b5b8d9d8f71143eb2021-11-15T05:20:47ZBudget Policy in 2019–2021: Between Scilla and Charibda2413-28292587-925110.21686/2413-2829-2019-1-5-18https://doaj.org/article/bea0201acb494142b5b8d9d8f71143eb2019-03-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/637https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article analyzes the federal budget for 2019–2021 and principle tools of pursuing budget policy of the Russian Federation. It assessed transformation of the budget policy model in the mentioned period, which aims at shaping the finance system able to counteract external shocks in the form of growing sanctions against Russia, foreign-economic conflicts among key players of the global market, uncertainty in international policy and economy. At the same time budget policy is oriented towards creating necessary conditions to speed up the growth rate of Russian economy and improve wellbeing of the Russian population. The authors estimate the key mechanism of the current budget policy in Russia, which can provide balance of the federal budget, i.e. the budget rule. It was grounded that the effective model of the budget rules aimed at accumulation of budget resources and their limited use in the field of end services for the population could create risks of low impact of budget expenses on factors of economic growth in Russia, hinder realization of the natural mechanism of increasing profits of the federal budget at the expense of onward development of economy. In this connection it is necessary to alter the medium-term concept of budget policy by re-orienting its tools towards target growth in real population income and investment in fixed capital but not only towards volumes of accumulated reserves and proficiency of the federal budget.O. A. GrishinaV. A. SlepovA. Yu. ChalovaPlekhanov Russian University of Economicsarticlefederal budgetbudget policypolicy of effective consolidationpreventive budget measuresbudget rulebudget of developmentnational projectspriority of federal budget expensesproficiency of the federal budgetindicative budget strategyEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 1, Pp 5-18 (2019)
institution	DOAJ
collection	DOAJ
language	RU
topic	federal budget budget policy policy of effective consolidation preventive budget measures budget rule budget of development national projects priority of federal budget expenses proficiency of the federal budget indicative budget strategy Economics as a science HB71-74
spellingShingle	federal budget budget policy policy of effective consolidation preventive budget measures budget rule budget of development national projects priority of federal budget expenses proficiency of the federal budget indicative budget strategy Economics as a science HB71-74 O. A. Grishina V. A. Slepov A. Yu. Chalova Budget Policy in 2019–2021: Between Scilla and Charibda
description	The article analyzes the federal budget for 2019–2021 and principle tools of pursuing budget policy of the Russian Federation. It assessed transformation of the budget policy model in the mentioned period, which aims at shaping the finance system able to counteract external shocks in the form of growing sanctions against Russia, foreign-economic conflicts among key players of the global market, uncertainty in international policy and economy. At the same time budget policy is oriented towards creating necessary conditions to speed up the growth rate of Russian economy and improve wellbeing of the Russian population. The authors estimate the key mechanism of the current budget policy in Russia, which can provide balance of the federal budget, i.e. the budget rule. It was grounded that the effective model of the budget rules aimed at accumulation of budget resources and their limited use in the field of end services for the population could create risks of low impact of budget expenses on factors of economic growth in Russia, hinder realization of the natural mechanism of increasing profits of the federal budget at the expense of onward development of economy. In this connection it is necessary to alter the medium-term concept of budget policy by re-orienting its tools towards target growth in real population income and investment in fixed capital but not only towards volumes of accumulated reserves and proficiency of the federal budget.
format	article
author	O. A. Grishina V. A. Slepov A. Yu. Chalova
author_facet	O. A. Grishina V. A. Slepov A. Yu. Chalova
author_sort	O. A. Grishina
title	Budget Policy in 2019–2021: Between Scilla and Charibda
title_short	Budget Policy in 2019–2021: Between Scilla and Charibda
title_full	Budget Policy in 2019–2021: Between Scilla and Charibda
title_fullStr	Budget Policy in 2019–2021: Between Scilla and Charibda
title_full_unstemmed	Budget Policy in 2019–2021: Between Scilla and Charibda
title_sort	budget policy in 2019–2021: between scilla and charibda
publisher	Plekhanov Russian University of Economics
publishDate	2019
url	https://doaj.org/article/bea0201acb494142b5b8d9d8f71143eb
work_keys_str_mv	AT oagrishina budgetpolicyin20192021betweenscillaandcharibda AT vaslepov budgetpolicyin20192021betweenscillaandcharibda AT ayuchalova budgetpolicyin20192021betweenscillaandcharibda
_version_	1718428706476654592

Budget Policy in 2019–2021: Between Scilla and Charibda

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