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Economic Turnovers and Financial Vacuum Cleaners
https://doi.org/10.32609/0042-8736-2013-7-49-62
Abstract
The paper considers different types of financial flows in the form of turnovers to imply the return to the starting point with direct or indirect losses. The dynamic schemes, volumes and losses of turnovers are examined: the financial turnover between federal budget, financial markets for budget surplus investmentsand financial markets for the budget deficit borrowings; pension turnover between the State Pension Fund, financial institutions for pensions’ savings and federal budget; the property turnover and the tax turnover for raw materials export. The total volume of turnovers is estimated as 15—19% of GDP with losses equal to 35% of federal budget expenditures.
Keywords
budget,
inflation,
reserve fund,
national wealth fund,
taxation,
pension fund,
governmental property
JEL: G18; H20; H61; H62; H82; P44
References
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5. Dmitrieva O. G. (2013b). Managing Public Property in Russia: Irrationality of Entrenched Peculiarities // Rossiiskii Ekonomicheskii Zhurnal. No 1. P. 13—27.
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For citations:
Dmitrieva O. Economic Turnovers and Financial Vacuum Cleaners. Voprosy Ekonomiki. 2013;(7):49-62. (In Russ.) https://doi.org/10.32609/0042-8736-2013-7-49-62
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