Evaluation of the Oil Fiscal Regime in Russia and Proposals for Reform

Author/Editor:

Brenton Goldsworthy ; Daria V Zakharova

Publication Date:

February 1, 2010

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Oil revenue plays a central role in Russia's economic development. Thus, the recent decline in oil production and investment, and the possible contribution of the current fiscal regime to these developments, have prompted a reassessment of the oil tax system in Russia. Some important changes have already been made, while others are underway. This paper uses a simulation model to evaluate Russia's current oil fiscal regime. Based on these simulations, the paper proposes ways to make the fiscal regime more supportive of investment, while ensuring an appropriate share of oil sector profits for the government.

Series:

Working Paper No. 10/33

Subject:

Frequency:

Quarterly

English

Publication Date:

February 1, 2010

ISBN/ISSN:

9781451962703/1018-5941

Stock No:

WPIEA2010033

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

30

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