Basic Concepts of Russia's Fiscal Policy: Experience for China Part 2

Area of Science:

• Economics
• Political Science
• Public Finance

Background:

• Russia has faced severe economic and social challenges, prompting successive administrations to adapt financial strategies.
• Government financial activities are crucial for leveraging resources, exercising political power, and achieving administrative objectives.

Purpose of the Study:

• To analyze the financial activities of seven prime ministers during the Putin era.
• To examine Russia's fiscal policy over the past 20 years.
• To understand the evolution of government financial goals and their impact on financial rules.

Main Methods:

• Analysis of prime ministerial financial activities.
• Examination of fiscal policy trends over two decades.
• Review of government financial goals and their implementation.

Main Results:

• Key financial goals identified: privatization, transfer payments, economic regulation, and financial security.
• These goals have led to the establishment of relatively stable financial rules.
• Significant adjustments in financial strategies in response to changing economic and social conditions.

Conclusions:

• Russian fiscal policy has evolved significantly over the past 20 years.
• Government financial activities are dynamic, adapting to domestic challenges and political contexts.
• The study provides insights into the long-term development of financial governance in Russia.