01570cas a2200253 a 4500 AALejournalIMF011740 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475502282 1018-5941 BD-DhAAL BD-DhAAL Zakharova, Daria. Strengthening Russia's Fiscal Framework / Daria Zakharova, Charleen Gust. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Though many aspects of Russia's fiscal policy framework are close to best practice on paper, actual practice in recent years has been moving away from best practice. In particular, the continued focus on the overall rather than the nonoil balance, and the regular use of supplemental budgets to spend windfall oil revenues contribute to procylicality of fiscal policy, risking costly boom-bust cycles. Against this background, this paper suggests several improvements to the framework for fiscal policy. Mode of access: Internet Gust, Charleen. IMF Working Papers; Working Paper ; No. 2012/076 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/076/001.2012.issue-076-en.xml IMF e-Library