Comparative Characteristics of Sources of Financing of the Federal Budget Deficit in Russia and the United States

Сравнительная характеристика источников финансирования дефицита федерального бюджета в России и США
Р. А. Аландаров, Ekaterina Zaitseva, E. Zayceva
2019-08-14

RussiaUnited Statescomparative fiscal analysisdeficit financing sourcesfederal budget deficit
Information on the state of the Federal budget (surplus or deficit) is insufficient for an adequate, complete assessment of the state of the country’s economy. The budget deficit does not always speak only about the negative impact on the economy. From the point of view of economic theory, a budget surplus does not always mean that the policy of the state is successful and competent. The budget surplus indicates that the state has left free money that was not used to Finance important projects, which means the underutilization of potential. It is necessary to analyze the Federal budget deficit: what exactly is its cause, and most importantly — what sources of funding are attracted.
1
A budget deficit is not inherently economically harmful; its implications depend on why it occurs and how it is financed.
2
A budget surplus does not necessarily demonstrate successful or competent state policy, because unused funds may reflect underinvestment in important projects and underutilization of economic potential.
3
Assessing a country’s economic condition requires analyzing the causes and financing sources of the federal budget deficit, not merely whether the budget is in surplus or deficit.
4
The paper focuses on comparing the characteristics of federal budget deficit financing sources in Russia and the United States.

Federal budget deficits in Russia and the United States

Comparative characteristics and sources of financing of federal budget deficits

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2019-08-14
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Authors
Р. А. Аландаров
Ekaterina Zaitseva
E. Zayceva
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