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World Bank - Russian Federation: toward medium-term viability

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title Russian Federation Toward Medium-term Viability World Bank Country - photo 1

title:Russian Federation : Toward Medium-term Viability World Bank Country Study
author:
publisher:World Bank
isbn10 | asin:0821335677
print isbn13:9780821335673
ebook isbn13:9780585231457
language:English
subjectStructural adjustment (Economic policy)--Russia (Federation) , Privatization--Russia (Federation) , Russia (Federation)--Economic policy--1991- , Russia (Federation)--Economic conditions--1991-
publication date:1996
lcc:HC340.12.R872 1996eb
ddc:338.947
subject:Structural adjustment (Economic policy)--Russia (Federation) , Privatization--Russia (Federation) , Russia (Federation)--Economic policy--1991- , Russia (Federation)--Economic conditions--1991-
Page i
Russian Federation
Toward Medium-Term Viability
A World Bank Country Study
Russian Federation toward medium-term viability - image 2
Page ii
Copyright 1996
The International Bank for Reconstruction and Development/ THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing April 1996
World Bank Country Studies are among the many reports originally prepared for internal use as part of the continuing analysis by the Bank of the economic and related conditions of its developing member countries and of its dialogues with the governments. Some of the reports are published in this series with the least possible delay for the use of governments and the academic, business and financial, and development communities. The typescript of this paper therefore has not been prepared in accordance with the procedures appropriate to formal printed texts, and the World Bank accepts no responsibility for errors. Some sources cited in this paper may be informal documents that are not readily available.
The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
The complete backlist of publications from the World Bank is shown in the annual Index of Publications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from the Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'Ina, 75116 Paris, France.
ISSN: 0253-2123
Library of Congress Cataloging-in-Publication Data
Russian Federation: toward medium-term viability.
p. cm.(A World Bank country study)
Includes bibliographical references.
ISBN 0-8213-3567-7
1. Structural adjustment (Economic policy)Russia (Federation)
2. PrivatizationRussia (Federation) 3. Russia (Federation)
Economic policy1991- 4. Russia (Federation)Economic
conditions1991- I. International Bank for Reconstruction and Development. II. Series.
HC340.12.R872 1996
338.947dc20 96-16
CIP
Page iii
Contents
Currency Equivalents
vi
Acknowledgements
vii
Glossary of Abbreviations
viii
Country Data
ix
Executive Summary
xiii
I. Macroeconomic Developments Since 1992
1
Picture 3
The Output Drop and the Restructuring of the Economy
2
Picture 4
The External Sector
9
Picture 5
Fiscal Policies
14
Picture 6
Inflation, Money, and Exchange Rate Movements
25
II. Structural Policy Issues for Creating Fiscal Viability
31
Picture 7
Introduction
31
Picture 8
Tax Reform
32
Picture 9
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