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Finance and Credit
 

Reserve fund of the Russian Federation in system of public finances

Vol. 20, Iss. 9, MARCH 2014

Available online: 23 February 2014

Subject Heading: Public finances

JEL Classification: 

Pages: 2-8

SUKHAREV А.N. Doctor of Economics, Professor, Department of Constitutional, Administrative and Customs Law, Tver State University, Tver, Russian Federation
su500005@yandex.ru

The article presents the results of author's research on the formation, placement and expenditure of the Reserve Fund of the Russian Federation. The author gives the assessment of management efficiency by fund and expediency of realization of the mechanism of the Reserve Fund of the Russian Federation within anti-cyclic financial policy of the state.

Keywords: the Reserve Fund, oil and gas income, federal budget, budgetary rule, base price, oil

References:

  1. The budgetary code of the Russian Federation (25.01.2013). Moscow, Prospectus Publ., 2013.
  2. Resolution of the Government of the Russian Federation «On the order of management of means of the Reserve Fund» of 29.12.2007 № 955.
  3. Order of the Ministry of Finance of the Russian Federation «On approval of the statement of standard shares of the resolved financial assets in a total amount of the placed means of the Reserve Fund and the Procedure of payments of the actual shares of the resolved financial assets in total amount of the placed means of the Reserve Fund and their reduction in compliance with standard shares» of 16.01.2008 № 3.
  4. Order of the Ministry of Finance of the Russian Federation « On approval of the regulatory structure of the currency of the Reserve Fund, to bring about the actual currency structure of the Reserve Fund in accordance with the regulatory currency structure» of 16.01.2008 № 4.
  5. Order of the Ministry of Finance of the Russian Federation «On approval of the list of foreign state agencies in which debt obligations means of the Reserve Fund can take place» of 16.01.2008 № 5.
  6. Order of the Ministry of Finance of the Russian Federation «On approval of the standards of the minimum and maximum terms before repayment of debts of the foreign states, foreign state agencies and the central banks, the international financial organizations in which means of the Reserve Fund can take place» of 17.01.2008 № 12.
  7. Order of the Ministry of Finance of the Russian Federation «On debts of the foreign states in which means of the Reserve Fund can take place» of 26.10.2010 № 507.
  8. Order of the Ministry of Finance of the Russian Federation «On nominal volume acquired at the expense of means of the Reserve Fund of the obligations of one release» of 17.04.2013 № 111.
  9. Total volume of fundю Reserve fund Russian Federationю Official site of the Ministry of Finance of the Russian Federation. Available at: Link. (In Russ.).
  10. Smirnova O.V. Sen'orazh i formirovanie pribyli tsentral'nogo banka: teoretiko-ekonomicheskii aspect [Seigniorage and formation of profit of the central bank: theoretic-economic aspect]. Finansy i kredit – Finance and credit, 2013, no. 1, pp. 22–28.
  11. Sukharev A.N. O gosudarstvennykh sberezheniiakh federal'nogo biudzheta [On the state savings of the federal budget]. Finansy – Finance, 2009, no. 11, pp. 18–22.
  12. Sukharev A.N. Stabilizatsionnyi finansovyi mekhanizm sovremennykh gosudarstv [Stabilizing financial mechanism of the modern states]. Finansovaia analitika: problemy i resheniia – Financial analytics: problems and decisions, 2010, no. 11, pp. 40–46.
  13. Sukharev A.N. Finansovye mekhanizmy formirovaniia i ispol'zovaniia suverennykh fondov [Financial mechanisms of formation and use of sovereign funds]. Finansy i kredit – Finance and credit, 2010, no. 18, pp. 28–33.

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