Back Matter

ANNEX I

Russia: The Budget Formulation Process, FY 2000

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ANNEX II

Russia: The Budget Execution Process, FY 2000

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References

  • Allan, Bill, 1994, “Toward a Framework for a Budget Law for Economies in Transition,” IMF Working Paper 94/149 (Washington: International Monetary Fund).

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  • Allen, Richard, and Daniel Tommasi, eds., 2001, Managing Public Expenditure, A Reference Book for Transition Countries (OECD).

  • Potter, Barry H., and Jack Diamond, 2000, Setting Up Treasuries in the Baltics, Russia, and Other Countries of the Former Soviet Union, IMF Occasional Paper No. 198, (Washington: International Monetary Fund).

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1

A first draft of this paper was presented at a roundtable discussion held in the Finance Academy of the Ministry of Finance, Moscow, on May 17–19, 2000. The roundtable sessions formed the preparatory phase of the Russian Federal Treasury Training Program, organized by the Fiscal Affairs Department of the IMF. This revised paper, which has benefited from the helpful comments of Mr. Suhas Joshi, former FAD resident treasury advisor in Russia, Dale Chua, and other colleagues in FAD, forms part of the training materials in this ongoing training program.

2

See discussion in Chapter 2, Managing Public Expenditure—A Reference Book for Transition Countries (eds.).

3

For a general review of this development see, W. Allan, “Toward a Framework for a Budget Law for Economies in Transition,” IMF Working Paper 94/149.

4

In early FY 2001, the MOF carried out a survey which indicated the following breakdown of budget recipients: Unitary companies and SOEs, 639; joint stock companies, 322, nonprofit organizations, 105. In addition to these 15,713 institutions, there were 205 others.

5

Namely, 110721, heating and technological necessities; 110722, consumption of natural gas; 110723 consumption of fuel for boilers; 110730 electric power; and 110740 water supplies to premises and facilities.

6

Art. 21 specifies that revenues from off-budget activities must be fully registered with the FT (although it allows them to be used for the SU’s own activities); Art. 111 states that the FT will not pay for unregistered contracts; and Art. 114 states that off-budget funds must be deposited in the accounts opened with the FT for that purpose.

7

A full explanation of this approach, and the experience of developing such systems in BRO countries, is contained in IMF Occasional Paper no. 198.

8

Following the MOF Order No. 68 of March 31, 1999.

9

Following the MOF Order No. 68 of March 31, 1999.

10

Following the MOF Order No. 68 of March 31, 1999.

The New Russian Budget System: A Critical Assessment and Future Reform Agenda
Author: Mr. Jack Diamond