The article, titled “Assessment of the impact of fiscal rules on the cyclical nature of public spending,” says that the implementation of fiscal rules does not guarantee countries stability in budget spending and no increase in debt burden. writes about it red blood cell Referring to the issue of the scientific journal “Economic Problems”.
The authors of the material were Alexei Kudrin, the former head of the Ministry of Finance and the Accounting Chamber, and his co-authors.
Economists calculated how primary budget expenditures changed in real terms (adjusted for inflation) compared to real GDP dynamics after the introduction of the fiscal rule.
The results of the study say that Russia is also among the countries where expenditure growth has exceeded the growth rate of the economy after the introduction of budget rules such as the USA, Canada, Japan, France and Norway.
Alexander Dzhioev, Former Analyst of Alpha-Capital Management Company declarationthat the current strengthening of the ruble is a return to equilibrium levels. According to him, the weakening of the ruble in April was of an emotional nature, since then the factors of geopolitical news and the sale of enterprises by foreign companies in Russia have come together.