RUSSIAN ECONOMY IN 2010 TRENDS AND OUTLOOKS, No. 32, 2011
24 Pages Posted: 11 Jul 2011 Last revised: 16 Jul 2012
Date Written: 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.
Keywords: monetary-credit, budgetary spheres
JEL Classification: E5, E6
Suggested Citation: Suggested Citation
Sinelnikov-Murylev, Sergei Germanovich and Sokolov, Ilya, Monetary-Credit and Budgetary Spheres (2011). RUSSIAN ECONOMY IN 2010 TRENDS AND OUTLOOKS, No. 32, 2011. Available at SSRN: https://ssrn.com/abstract=1883440