Economy of Russia in April 2013 was more clearly demonstrating stagnation. In this regard, the lack of funds was aggravated and as a result, federal agencies are again searching for resources, which is gradually shifting from the proposals on the use of public reserves for investment purposes...

Over the period under consideration, Russia’s economic problems more than once became the focus of public discussion with the participation of the country’s leadership and eminent Russian and foreign experts – at the Gaidar Forum hosted by the Russian Presidential Academy of National...

In the period under review, a major international event was the Moscow meeting of G20 finance ministers and heads of central banks. In Russia, a few developments took place. On January 31, 2013, Premier Dmitri Medvedev approved the Main Guidelines for the RF Government’s Activities in the...

In the period under review, the Government of the Russian Federation has confirmed its position which consists in the fact that in the next few years it will not change the existing rules of taxation. At the same ?? me, the business has become more active in promo?? on of proposals to reduce a...

In the period of 2013 under review, President Putin presented a Budget Message in which he outlined the guidelines for the state monetary policy in years to come, and the Taxation Policy Guidelines for 2014–2016 adopted by the Russian Government were published. Both documents showed higher...

It is impressive what the Supreme Arbitration (Commercial) Court of the Russian Federation (the SAC of Russia) managed to achieve in order to adapt Russia’s law enforcement practices to a free-market environment against general uncertainty regarding the state financial policy. First of all,...

Since the early 1990s, major tax administration reforms have been implemented in the Francophone countries of sub-Saharan Africa, with significant support from the IMF and development partners. While the reforms have contributed to an increase in revenues, attention is still needed to address a...

In the period under review, a struggle for the budget funds of the next fiscal year took place. On April 30, 2013, the Ministry of Finance of the Russian Federation submitted for consideration by the Government of the Russian Federation the draft Main Guidelines of the Tax Policy in 2014 and the...

In August and September 2013, work continued on the Draft Federal Budget for 2014. As the RF Ministry of Finance had managed to ensure the timely preparation of alterations to tax legislation whereby the rates of export customs duties on hydrocarbons are to be reduced, and the rates of Mineral...

Although the latest period saw failure in coping with economic stagna?? on in Russia, it should be noted that Russian’s economy demonstrated a good stress resistance. In our opinion, this can be indica?? ve of its gradual adapta?? on to the market. The ‘budget rule’ has proved effi cient...