Falling Tax Compliance and the Rise of the Virtual Budget in Russia

@inproceedings{Aitken2002FallingTC,
  title={Falling Tax Compliance and the Rise of the Virtual Budget in Russia},
  author={Brian Aitken},
  year={2002}
}
The decline in cash revenue in Russia has been the key macroeconomic policy failure of the transition. During 1994–98, a sharp deterioration in cash compliance was offset by a rise in non-cash revenue, as the government increasingly financed its spending through mutual arrears write-offs. This paper argues that the fall in cash compliance emerged when money printing was replaced with a method of budget financing that did not, in the short run, compromise the government’s goals of low inflation… CONTINUE READING

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