Budget federalism in Russia began in 1992. Under the effects of strong centrifugal trends, the decentralization of the budget and tax system took place in the form of "waves" of agreements regarding the share distribution of tax receipts, the entry into which entailed the delegation of ever...

The banking crisis in Russia that became overt in August of 1998 is systemic in nature. Almost all Russian banks were unable to meet the terms of contracts entered into with depositors by the middle of August for two classic reasonsâowing to the failure of bank borrowers to meet their...

This article attempts to analyze the dynamics and logic of economic reforms in Russia based on observations and research on economic indicators of recent years.

The article considers fiscal policy in countries that build on the use of nonrenewable natural resources. "Oil GDP," natural rent, and fiscal proceeds from the oil sector are estimated for Russia. These and similar parameters are compared across major oil-producing countries. An econometric...

Today the broadest possible interpretation of the concept of "subsidy," counting any state intervention that leads to a reduction in prices compared to the level that would exist under free market conditions as a subsidy, is commonly accepted. Proceeding from this concept, the amounts of tax...