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Finance and Credit
 

Balancing Russia's finances

Vol. 30, Iss. 2, FEBRUARY 2024

Received: 7 September 2023

Received in revised form: 28 September 2023

Accepted: 12 October 2023

Available online: 29 February 2024

Subject Heading: Financial system

JEL Classification: Е44, Е62, Е63

Pages: 269–288

https://doi.org/10.24891/fc.30.2.269

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. This article discusses the issues of balancing Russian finances.
Objectives. The article aims to identify tools for balancing Russian finances.
Methods. For the study, I used a systems approach based on a statistical analysis.
Results. The article describes the main tools for balancing Russian finances. It also identifies additional tools for balancing Russia's finances.
Conclusions. The main instruments for balancing Russian finances are the monetary base, debt securities and the key interest rate of the Bank of Russia, and listed shares of Russian issuers are an additional instrument. These tools show the Government of the Russian Federation the possibilities for the development of the Russian economy.

Keywords: stocks, balancing, monetary base, debt securities, key interest rate

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