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...

The law on the federal budget for 2013 and the planning period 2014–2015 was approved by the RF State Duma in the third reading on 23 November 2012[1]. The domestic debt ceiling is set at the level of 10% GDP, the foreign debt ceiling – at about Rb 2.1 trillion. There figures are above the...

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 December 2012, a number of amendments and alterations were introduced into tax and budget legislation, as well as into legislation regulating the sphere of mandatory payments and government off-budget funds. An analysis of the possible scenarios for further development of the taxation system...

During the period under review, November-December 2013, fiscal policy guidelines were formulated in the Presi¬dent’s Address to the Federal Assembly on 12.12.2013 and his speech at the 9th Annual Press Conference on 19.12.2013. In particular, new tax schemes and allowances were announced. In...

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...

The period of October–November 2014 was very unstable economically. The rapid slide of crude oil prices, below $80 per barrel, was followed by a nearly 40% depreciation of the ruble against world currencies. Having lifted li mits on the ruble exchange rate fluctuations and imposed limits on...

It by all means is nearly twofold devaluation of the national currency amid falling crude oil prices that was the key event in the period under review, which determined Russia’s economic development vector.