Title: Research on the Fiscal Decentralization in Russian System Transformation
Abstract: The suitability of the traditional fiscal decentralization theory for the transition economies is worth discussing.By studying the institutional transition,fiscal adjustment and fiscal decentralization in Russia,it can be concluded that the function of local government in macro stability and distribution is strengthened.If the expenditure does not match the local public revenue and the fiscal deficit increases,it will not only create a stimulate for local governments to acquire revenues illegally and deteriorate the fiscal situation,but also distort transmission method and distribution efficiency of public goods and services,resulting in the interregional fiscal imbalances,differences in the welfare and macroeconomic instability,which hinders the process of privatization.The further reform is to scrutinize fiscal decentralization management and establish a clear and transparent federal budget system, which depends on the adjustment of structure and the transformation of economic growth pattern,and the improvement of government quality and efficiency.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
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