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Policy differences reflected in Russian budget debate
Last year, these transfers hit a record level, as Moscow issued extra money to help regions cope with the COVID-19 pandemic, but this was still not enough to cover all their…
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DOI: 10.1108/OXAN-DB262168
ISSN: 2633-304X
Keywords
Geographic
Topical
The projected fiscal deficit of 3.5% of GDP assumes a forecast 2.1% economic contraction this year. The authorities have used their ample fiscal space and large sovereign wealth…
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DOI: 10.1108/OXAN-DB257376
ISSN: 2633-304X
Keywords
Geographic
Topical
The steep fall in global oil prices and rapid spread of COVID-19 have ended hopes of economic revival in 2020. The government has allocated 300 billion rubles (4 billion dollars…
Positive signs are still thin on the ground, but a modest recovery in demand is apparent. Oil export figures are less bad than they could have been, and natural gas sales are…