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Working paper

Budget Constraints as the Main Challenge to Russia’s Economic System

EU Frontiers Policy Brief. ISSN 2498-7875. Center for European Neighborhood Studies, 2016. No. 12.
Chernyavskiy A.
This paper looks into Russian economy growth rates versus the emerging and advanced economies and the world in general. It contains the analysis of key federal budget indicators dynamics in 2000−2016, as well as the draft 2017−2019 Federal Budget law. The paper highlights the challenges associated with the planned budget consolidation. In addition it reviews Russian corporate foreign debt dynamics or the period after imposing sanctions. The paper emphasizes that currently Russian corporations are successfully coping with external debt redemption and servicing.