Deformation of Fiscal Policy and Debt Management as a Result of the Stabilization Fund Forming-Reference-Cited by-同舟云学术

Deformation of Fiscal Policy and Debt Management as a Result of the Stabilization Fund Forming

Published:2013-03-20 Issue:3 Volume: Page:20-32
ISSN:0042-8736
Container-title:Voprosy Ekonomiki
language:
Short-container-title:Vopr. èkon.

Author:

Dmitrieva O.¹

Affiliation:

1. Committee on Budget and Taxation of the State Duma of RF (Moscow, Russia)

Abstract

The article shows the systematic mistake in the form of underestimation of project budget revenues. It is accompanied by the artificial increase in budget deficit which causes excessive borrowings and debt growth while in fact budget surplus takes place. It is proved that state borrowing and saving of assets in the sovereign funds (Reserve Fund and National Wealth Fund) lead to a combination of negative effects related to both deficit and surplus budgets: artificial slowdown of economic growth and increase in expenses for debt service.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference12 articles.

1. Dmitrieva O. (2006). The Creation of Stabilization Funds: Premises and Consequences // Voprosy Ekonomiki. No 8. P. 17—30.

2. Dmitrieva O. G., Grachev I. D., Ushakov D. V., etc. (eds.) (2010). Budget 2011: The Main Parameters of the Alternative Federal Budget for 2011 Proposed by the Group «Just Russia» in the State Duma of the RF. Vsevolozhsk: ELGO.

3. Dmitrieva O. G., Grachev I. D., Ushakov D. V., etc. (eds.) (2011). Budget 2012: The Main Parameters of the Alternative Federal Budget for 2012 Proposed by the Group «Just Russia» in the State Duma of the RF. St. Petersburg: DEAN.

4. Dmitrieva O. G., Ushakov D. V. (2011). Macroeconomic Policies. The Position of the Group «Just Russia». In 2 vols. Moscow: Publication of the State Duma.

5. Dmitrieva O. G., Grachev I. D., Petukhov N. R., Ushakov D. V., Shvets P. E. (2012). Budget 2013: Basic Alternative Federal Budget for 2013 Proposed by the Group «Just Russia» in the State Duma of the Russian Federation. Moscow: Pero.

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