The Evaluation of the Budget Rule Effect Influence on the Russian Budget System

Student: Zhirnov Grigory

Educational Programme: Economics (Bachelor)

Final Grade: 9

Year of Graduation: 2018

Last year the Russian government decided to settle new budget rules, which were going to decrease the dependence of Russian economy on the volatility of oil prices. The aim of this paper is to evaluate the effects of implementing suggested budget rules on Russian fiscal system in terms of the federal budget expenses and the non-budget government fund. In order to reach this aim, the model of Russian budget system was constructed by using econometric methods on the quarterly data from 2003 to 2017. Then the author conducted the scenario analysis to predict the budget parameters, depending on the different oil prices. Finally, the author succeed to show the budget rules mechanism and to evaluate the influence of these budget rules on the Russian budget system.

Full text (added May 9, 2018)

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