Russian Federation : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

December 6, 2006

Electronic Access:

Free Full text (PDF file size is 1086 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Russia’s large oil and gas reserves play a key role in its economic development. As with many other large oil exporters, Russia’s energy wealth is also posing numerous challenges to macroeconomic management. Although fiscal policy has saved a large part of the oil windfall in the Oil Stabilization Fund (OSF), this has not been guided by a consistent long-term framework. The framework is illustrated with numerical simulations of different fiscal spending rules that are consistent with sustainable paths of consumption out of oil and gas wealth over time.

Series:

Country Report No. 06/430

Subject:

Notes:

Also available online in Russian

English

Publication Date:

December 6, 2006

ISBN/ISSN:

9781451975307/1934-7685

Stock No:

1RUSEA2006002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

88

Please address any questions about this title to publications@imf.org