This article analyzes the main stages of the reform of the budget system of the Russian Federation. A review of the basic regulations is aimed at improving the legal budget, development of the budget process, the implementation of effective methods of providing financial aid to different levels....

The core emphasis of rules-based fiscal legislation at the subnational level in India is to achieve debt sustainability through a numerical ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out revenue deficits. Using the Arellano Bond Panel...

The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt sustainability by placing a ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out deficits in the budget revenue account. This paper examines...