Publication:
Russia : Fiscal Costs of Structural Reforms

dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-20T18:07:51Z
dc.date.available2012-06-20T18:07:51Z
dc.date.issued2005-04
dc.description.abstractThis Report discusses the challenge of budget financing of core structural reforms, within a broader framework of fiscal management reforms in Russia. It argues that explicit financing of structural reforms is fully justifiable because these are the investments in the institutional infrastructure with a high rate of return. Furthermore, Russia currently appears to have fiscal room for some incremental spending. However, the number of simultaneous reform initiatives, should be kept limited to ensure that the accumulation of new liabilities do not undermine fiscal sustainability. In addition, the Government's commitment to explicit reform financing should be accompanied by additional steps in strengthening the fiscal management system. The adoption of formal fiscal rules could strengthen the government's ability to manage external shocks, as well as provide budget support for the reform process in a predictable and affordable way. The Report develops estimates for fiscal costs of three key structural reforms (in civil service, housing, and the pension system), reviews the feasibility of different reform options, and provides recommendations related to their planning and sequencing. Key structural reforms are seen as medium-term projects/programs, thus suggesting that implementation of these and other structural reforms, can be put in the context of medium-term expenditure framework (MTEF) that evolve in Russia. A general framework is developed for costing-out the direct fiscal effects of various reforms in the area of public administration. It is suggested that broad reforms in the core government administration, and in the civilian public sector at large, may be implemented within five to seven years, but should be differentiated by the scope of pay adjustment in various sub-sectors of civilian employment, complemented by significant staffing adjustments in the civilian public sector, as well as by at least, some staff reductions in the core government administration.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/04/5777093/russia-fiscal-costs-structural-reforms
dc.identifier.urihttps://hdl.handle.net/10986/8540
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesPublic expenditure review (PER);
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectADMINISTRATIVE REFORM
dc.subjectADMINISTRATIVE REFORMS
dc.subjectAGRICULTURE
dc.subjectAGRICULTURE/FISHING
dc.subjectBENCHMARK
dc.subjectBUDGET EXECUTION
dc.subjectBUDGET EXPENDITURES
dc.subjectBUDGET FINANCING
dc.subjectBUDGET PROCESS
dc.subjectBUDGET REVENUES
dc.subjectCENTRALIZATION
dc.subjectCIVIL SERVICE
dc.subjectCIVIL SERVICE REFORMS
dc.subjectCONSOLIDATION
dc.subjectCONSUMERS
dc.subjectCOUNTRY COMPARISONS
dc.subjectDEBT INTEREST
dc.subjectDEBT MANAGEMENT
dc.subjectDECISION MAKERS
dc.subjectDEMOGRAPHIC ASSUMPTIONS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectEXCHANGE RATE
dc.subjectEXECUTION
dc.subjectEXPENDITURE
dc.subjectEXPENDITURE MANAGEMENT
dc.subjectFEDERAL BUDGETS
dc.subjectFEDERAL GOVERNMENT
dc.subjectFINANCIAL PLANNING
dc.subjectFISCAL
dc.subjectFISCAL BURDEN
dc.subjectFISCAL COSTS
dc.subjectFISCAL GAP
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL PERFORMANCE
dc.subjectFISCAL POLICY
dc.subjectFISCAL REFORMS
dc.subjectFISCAL SITUATION
dc.subjectFISCAL SUSTAINABILITY
dc.subjectGDP
dc.subjectGOVERNMENT ADMINISTRATION
dc.subjectGOVERNMENT AGENCIES
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGROWTH RATE
dc.subjectHOUSING
dc.subjectINCOME
dc.subjectINCOME DYNAMICS
dc.subjectINCREMENTAL COSTS
dc.subjectINDEXATION
dc.subjectINDIFFERENCE CURVES
dc.subjectINFLATION
dc.subjectINTEREST RATES
dc.subjectLEGISLATION
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectMACROECONOMIC FORECASTING
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMUNICIPAL GOVERNMENTS
dc.subjectOIL
dc.subjectPENSIONS
dc.subjectPOLITICAL SENSITIVITY
dc.subjectPRICE ELASTICITY
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCERS
dc.subjectPROJECTS/PROGRAMS
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC ADMINISTRATION REFORM
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EMPLOYMENT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE ANALYSIS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENT/SUBSIDIES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR EMPLOYMENT
dc.subjectPUBLIC SERVICE
dc.subjectPUBLIC SERVICE DELIVERY
dc.subjectPUBLIC SERVICES
dc.subjectRATIONALIZATION
dc.subjectREAL INTEREST RATE
dc.subjectRECURRENT EXPENDITURES
dc.subjectRELATIVE VALUE
dc.subjectRESIDENTIAL TARIFFS
dc.subjectRETIREMENT
dc.subjectSAVINGS
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL POLICY
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL STABILITY
dc.subjectSTATE REGULATION
dc.subjectSUBNATIONAL BUDGETS
dc.subjectTAX
dc.subjectTAX PAYMENTS
dc.subjectTAX RATES
dc.subjectTAX REVENUES
dc.subjectTAXATION
dc.subjectURBAN ECONOMY
dc.subjectUTILITIES
dc.subjectWAGES
dc.titleRussia : Fiscal Costs of Structural Reformsen
dspace.entity.typePublication
okr.date.disclosure2005-05-05
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2005/04/5777093/russia-fiscal-costs-structural-reforms
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.identifier.externaldocumentum000012009_20050504105350
okr.identifier.internaldocumentum5777093
okr.identifier.report30741
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/05/04/000012009_20050504105350/Rendered/PDF/307410RU.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRussian Federation
okr.region.geographicalAsia
okr.region.geographicalEurope
okr.region.geographicalCommonwealth of Independent States
okr.region.geographicalEastern Europe
okr.sectorPublic Administration
okr.sectorLaw
okr.sectorPublic Administration, Law, and Justice
okr.sectorEnergy and mining
okr.topicPublic Sector Economics
okr.topicEnterprise Development and Reform
okr.topicUrban Development::Municipal Financial Management
okr.topicGovernance::National Governance
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development
okr.unitPoverty Reduction/Econ Mngmt (ECSPE)
okr.volume1 of 1
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