Template-Type: ReDIF-Article 1.0
Author-Name: Olga V. Bogacheva
Author-Email: bogacheva@nifi.ru
Author-Workplace-Name: Financial Research Institute, Moscow, Russia
Author-Name: Dmitry G. Bychkov
Author-Email: bychkov@nifi.ru
Author-Workplace-Name: Financial Research Institute, Moscow, Russia
Title: Earmarked Budget Revenues and Government Business-Type Operations in the Practices of OECD Countries
Abstract: In the practices of OECD countries earmarked budget revenues are often associated with government business activities, that are market oriented or involve a public-private partnership. On one hand, earmarked budget revenues, as an instrument of government involvement, create advantages for the projects and\or programs in question. On the other hand, they create certain risks and impose restraints on public finance management. The paper discusses when and how earmarked revenues are used by OECD countries, and the nature of sources and uses of such revenues. The authors identify the conditions, under which the use of earmarked budgetary proceeds in business-type activities of the Russian Government can reveal its advantages.
Classification-JEL:
Keywords: earmarked budget revenues, highway fund, ecological fund, public investment project, public debt financing of capital investments
Journal: Finansovyj žhurnal — Financial Journal
Pages: 29-40
Issue: 1
Year: 2015
Month: February
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2015/1/statyi_2015_1/03_bogacheva.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:150103:p:29-40