Template-Type: ReDIF-Paper 1.0
Author-Name:Georgy Idrisov
Author-Name-First: Georgy  
Author-Name-Last: Idrisov 
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name:Sergey Sinelnikov-Murylev 
Author-Name-First: Sergey 
Author-Name-Last: Sinelnikov-Murylev 
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:  Budget Policy and Economic Growth
Abstract: This article examines the relationship between government budgetary policy and the pursuit of accelerated economic growth. The authors review the academic debate over long-term economic growth and associated short-term fluctuations and conclude that Russian budgetary intended to smooth fluctuations in economic activity are of limited effect and that there are no opportunities for increasing public expenditure in the medium and long-term. For these reasons, the structure of expenditures must be changed and budgetary institutions must be transformed with a view to creating the preconditions for economic growth in the long-term. 
Length:  41 pages
Creation-Date: 2013
Revision-Date:   2013
Classification-JEL: O23, O4, H5
Keywords: economic growth, budgetary policy, government expenditure.
File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0076Sinelnikov.pdf
File-Format: Application/pdf
File-Function: Revised version, 2013
Handle: RePEc:gai:wpaper:0076