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2010•RePEc: Research Papers in EconomicsOpen access

Russia’s National Budget in 2010

Sergey Sinelnikov-Murylev, Ilya Sokolov, Tatiana Tischenko

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Abstract

An international crisis of 2008 – 2009, ever growing debt challenges in Greece, Spain, Ireland and Portugal in 2010 prompted the Government of the Russian Federation to revise the approach to the policy of irresponsible build-up of government expenses and obligations. A trend to curb budget expenses emerged back in 2010 while the budget was corrected and has continued while a budget was shaped for the next three year- period.

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An international crisis of 2008 – 2009, ever growing debt challenges in Greece, Spain, Ireland and Portugal in 2010 prompted the Government of the Russian Federation to revise the approach to the policy of irresponsible build-up of government expenses and obligations. A trend to curb budget expenses emerged back in 2010 while the budget was corrected and has continued while a budget was shaped for the next three year- period.

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An international crisis of 2008 – 2009, ever growing debt challenges in Greece, Spain, Ireland and Portugal in 2010 prompted the Government of the Russian Federation to revise the approach to the policy of irresponsible build-up of government expenses and obligations. A trend to curb budget expenses emerged back in 2010 while the budget was corrected and has continued while a budget was shaped for the next three year- period.

Key concepts: Federal budget, National budget, Fiscal policy, Deficit spending, Macroeconomics, Fiscal year, Economics, Political science

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