Russian Federation: Selected Issues

December 6, 2006

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Format: Chicago

Russian Federation: Selected Issues, (USA: International Monetary Fund, 2006) accessed December 24, 2024

Summary

Russia’s large oil and gas reserves play a key role in its economic development. As with many other large oil exporters, Russia’s energy wealth is also posing numerous challenges to macroeconomic management. Although fiscal policy has saved a large part of the oil windfall in the Oil Stabilization Fund (OSF), this has not been guided by a consistent long-term framework. The framework is illustrated with numerical simulations of different fiscal spending rules that are consistent with sustainable paths of consumption out of oil and gas wealth over time.

Subject: Commodities, Expenditure, Exports, International trade, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Baltics, CIS country, Consumption rule, CR, Exports, FSU country, Gas and mining taxes, ISCR, Oil, Oil price, Oil prices, Oil revenue, W Russia

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/430
Stock No:

1RUSEA2006002
ISBN:

9781451975307
ISSN:

1934-7685

Notes

Also available online in Russian

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