Mounting pressure on Russia's government budget: financial and political risks of stagnation

Abstract: Economic stagnation and demographic change in Russia are putting intense pressure on the government budget. Tax revenues have been declining since the late 2000s. Meanwhile, the oil dependency of Russia's budget has in­creased significantly. This became patently clear when the oil price plum­meted in 2014. Energy revenues have since begun to recover, but the Finance Ministry’s reserves have shrunk considerably and are only slowly being replenished. To keep public budgets stable, the Russian government is forced to raise taxes and extend the retirement age in the years to come. There is a widen­ing gap in funds required to cover the paternalistic social policies of earlier years. At the same time, the struggle for control of public resources is having a destabilizing effect on the political regime - especially in light of the ever more pressing question of Putin’s successor in the Kremlin. Up to the presidential election of 2018, the Russian leadership avoided making any budget cuts

Object Details

• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource, 44 S.
• Language: Englisch
• Notes: Veröffentlichungsversion ; begutachtet

References and Relationships

• Bibliographic citation: SWP Research Paper ; Bd. 2/2019

Classification and Topics

• Classification: Politik ; Wirtschaft
• Keyword: Öffentlicher Haushalt ; Finanzwirtschaft ; Erdölpreis ; Fiskalpolitik ; Öffentliche Einnahmen ; Öffentliche Ausgaben ; Erdöl ; Rohstoffpreis ; Preisentwicklung ; Bevölkerungsentwicklung ; Legitimität ; Russland

Contributors, Places and Time

• Event: Veröffentlichung
• (where): Berlin
• (when): 2019
• Creator: Kluge, Janis
• Contributor: Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit

Further information

• DOI: 10.18449/2019RP02
• URN: urn:nbn:de:0168-ssoar-61661-3
• Rights: Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 14.08.2025, 10:50 AM CEST