This article examines Russia's short- and long-term fiscal sustainability and identifies risk factors. The advantages and disadvantages of the new fiscal rules are examined from the perspective of long-term forecasts of Russia's socioeconomic development. The new rules are compared to those...

According to the preliminary estimate of the State Committee on Statistics [Goskomstat], Russia's GDP last year was 1,659 trillion rubles as compared with 611 trillion rubles in 1994. The growth in nominal volume due to inflation, while diminishing substantially during the year, nevertheless...