We seek to understand how Laffer curves differ across countries in the U.S. and the EU-14, thereby providing insights into fiscal limits for government spending and the service of sovereign debt. As an application, we analyze the consequences for the permanent sustainability of current debt...

In April 2013, Federal Law on the Contract System in the Sphere of Procurement of Goods, Jobs and Services for State and Municipal Needs was approved.The Law on FKS transforms to a great extent the rules of regulation in the sphere of state procurement and considerably expands the scope of...

The Government of the Russian Federation has issued documents which introduce from 2014 a simplified procedure for withdrawal of land plots from public (municipal) entities and state-owned enterprises in favor of the state treasury; amendments were introduced in to the procedure for provision of...

In October, the following documents were approved: the procedure for provision of budget investments to legal entities which are neither state or municipal entities, nor state or municipal unitary enterprises; guidelines for application of methods of determination of the initial (maximum)...

In July 2013, in the regulatory base of the budgetary process the following developments took place: amendments providing for grants in the form of subsidies to legal entities have been introduced into the Budget Code of the Russian Federation; conditions of buying-out of state property by...

Over the period July-August 2015, the following developments can be noted in the sphere pertaining to the budgetary process: the Federal Law came into force, whereby a system of interdepartmental control over the use of budget funds allocated to the state defense order was to be established; the...

Carbon budgets are a useful way to frame the climate mitigation challenge and much easier to agree upon than the allocation of emissions. We propose a mechanism with countries agreeing on the global carbon budget, while the decision to emit is decentralized at the country level. The revenue is...

In May 2015, the procedure for determination of the price in purchasing of goods, jobs and services related to the state defense order was approved by the resolution of the Government of the Russian Federation; an approximate form of general requirements to determination of target costs related...