Monetary-Credit and Budgetary Spheres
Sergei Germanovich Sinelnikov-Murylev
Russian Foreign Trade Academy; Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
RUSSIAN ECONOMY IN 2010 TRENDS AND OUTLOOKS, No. 32, 2011
In the context of limitation of government expenditures, efficiency of their spending should be improved. The quality of budget governance can be improved by using a comprehensive approach only that will help to cover the broadest range of the applied regulating tools and to align their application in time. With this in view, in the near future a focus should be placed on resolution of the issues of budget system restructuring, higher transparency of the state procurement system and optimization of certain budget procedures. As a favorable institutional environment evolves in the country, any further development of such governance tools as the result-oriented budget, target program activities, state and private partnership can become an important factor of budget expenditures streamlining and improvement of efficiency of the entire budget process.
Number of Pages in PDF File: 24
Keywords: monetary-credit, budgetary spheres
JEL Classification: E5, E6
Date posted: July 11, 2011 ; Last revised: July 16, 2012
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