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This paper presents an analysis of the uncertainty in projections of the federal budget balance arising due to uncertainty in economic, and government revenue and spending projections. Budget projections frequently differ from actual results due to an unavoidable level of uncertainty contained...
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future receipts is called its fiscal gap.This study estimates Russia's 2013 fiscal gap at 890 trillion rubles or $28 trillion …. This longterm budget shortfall is 8.4 percent of the present value of projected GDP. Consequently, eliminating Russia … that the Russia's energy resources are finite, whereas its expenditure needs are not. Moreover, Russia is aging and facing …
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debt still have very major fiscal problems? The answer is that the Russia's energy resources are finite, whereas its … expenditure needs are not. Moreover, Russia is aging and facing massive obligations from its pension system and other age related …This study estimates Russia's 2013 fiscal gap at 890 trillion rubles or $28 trillion. This longterm budget shortfall is …
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In this paper, I demonstrate that an indicator which is commonly used to assess the long-term fiscal sustainability of public finances in EU member states (“S2”) is also defined if government borrowing rates are assumed to be permanently lower than the growth rate of GDP. I illustrate this...
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