Budget Planning and Russia’s Spending Reduction Pipe-dream

{
  "authors": [
    "Alexandra Prokopenko"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace",
    "Carnegie Russia Eurasia Center"
  ],
  "collections": [],
  "englishNewsletterAll": "ctw",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Russia Eurasia Center",
  "programAffiliation": "russia",
  "programs": [
    "Russia and Eurasia"
  ],
  "projects": [],
  "regions": [
    "Russia"
  ],
  "topics": [
    "Economy"
  ]
}

In The Media

Carnegie Russia Eurasia Center

Budget Planning and Russia’s Spending Reduction Pipe-dream

Alexandra Prokopenko focuses on whether — as some officials are advocating — Russia could actually reduce spending in its next budget despite the war in Ukraine. She also looks at how Yevgeny Prigozhin’s insurrection prompted a huge spike in demand for cash and the rising numbers of Russians moving to Israel.

By Alexandra Prokopenko

Published on Jun 30, 2023

The Bell

About the Author

Alexandra Prokopenko

Fellow, Carnegie Russia Eurasia Center

Alexandra Prokopenko is a fellow at the Carnegie Russia Eurasia Center.

Recent Work

Q&A
Is a Conflict-Ending Solution Even Possible in Ukraine?
- +1
  Eric Ciaramella, Aaron David Miller, Alexandra Prokopenko, …
Commentary
Including Russia on the EU Financial Blacklist Will Hurt Ordinary People, Not the Kremlin
- Alexandra Prokopenko

Economy Russia

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie China

Commentary
How China’s Growth Model Determines Its Climate Performance
Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.
Mathias Larsen
Commentary
What’s New about Involution?
“Involution” is a new word for an old problem, and without a very different set of policies to rein it in, it is a problem that is likely to persist.
Michael Pettis
Commentary
The Chinese Investment Riddle: What Cities Reveal
While China's investment story seems contradictory from the outside, the real answers to Beijing's high-quality growth ambitions are hiding in plain sight across the nation's cities.
Yuhan Zhang
Commentary
Using China’s Central Government Balance Sheet to “Clean up” Local Government Debt Is a Bad Idea
China's stimulus addiction cannot go on forever. Beijing still has policy space to clean up the country's massive debt issue, but time is running short.
Michael Pettis
Commentary
Why China Should Revalue the Renminbi—And Why It Can’t Easily Do So
A quick look at the complexities behind Beijing’s enduring Catch-22 situation with revaluing the Renminbi, despite advantages of a stronger currency.
Michael Pettis

Budget Planning and Russia’s Spending Reduction Pipe-dream

More Work from Carnegie China

Commentary

How China’s Growth Model Determines Its Climate Performance

Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.

Mathias Larsen

Commentary

What’s New about Involution?

“Involution” is a new word for an old problem, and without a very different set of policies to rein it in, it is a problem that is likely to persist.

Michael Pettis

Commentary

The Chinese Investment Riddle: What Cities Reveal

While China's investment story seems contradictory from the outside, the real answers to Beijing's high-quality growth ambitions are hiding in plain sight across the nation's cities.

Yuhan Zhang

Commentary

Using China’s Central Government Balance Sheet to “Clean up” Local Government Debt Is a Bad Idea

China's stimulus addiction cannot go on forever. Beijing still has policy space to clean up the country's massive debt issue, but time is running short.

Michael Pettis

Commentary

Why China Should Revalue the Renminbi—And Why It Can’t Easily Do So

A quick look at the complexities behind Beijing’s enduring Catch-22 situation with revaluing the Renminbi, despite advantages of a stronger currency.

Michael Pettis