Home  Journals  Finance and Credit  2(818) - 2022 February

The State is a financial rentier: A new Russian reality

Received: 22 November 2021

Received in revised form: 6 December 2021

Accepted: 20 December 2021

Available online: 28 February 2022

Subject Heading: Financial system

JEL Classification: E44, E60, E62, E69

Pages: 466–488

https://doi.org/10.24891/fc.28.2.466

Subject. This article considers the State as a financial beneficiary.
Objectives. The article aims to define the parameters of the Russian State as an independent financial beneficiary.
Methods. For the study, I used a systems approach using the methods of statistical, cluster, and neural network analyses.
Results. The article defines the parameters of the functionality of the Russian State as a financial beneficiary and highlights its connection with the problematic position of a petrostate.
Conclusions and Relevance. The parameters of the functionality of the Russian State as a financial beneficiary allow the Russian Government to adjust measures to support economic growth, focusing on the volume of international reserves and the key interest rate of the Bank of Russia. The study expands the scope of knowledge and develops the competencies of the Government of the Russian Federation to assess the opportunities of economic growth and the choice of the way of development.

Keywords: State, necessity, parameter, rentier, finance

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