Budgetary Reform in Russia: the First Results and Possible Prospects

Abstract

The Russian government’s approval in May 2004 of the Concept of the Budget Process Reform started the budget reform that aims to refocus the budget process from cost to performance management. In the article the authors analyze different aspects of introduction of performance based budgeting methods in Russian practice as well as bottlenecks the budget reform faced at the first stage of its implementation: financing and management of federal target programs of social and economic development; assessment and control of the efficiency of budget outlays, etc.