Izvestiya of Saratov University.
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


budget deficit

Russia’s Internal Debt Market Development: Formation Factors, Prospects of Change

Introduction. The article is devoted to the Russian Federation’s internal debt formation factors analysis, to the development prospects of internal borrowings market. The urgency of the issue related to the internal debt of our country is in the difficult geopolitical situation that has developed around Russia. Due to political tension, our country was partially limited from external sources of funding.

Formal institutional factors’ influence on Russia’s internal debt dynamics

Introduction. The role of domestic government borrowing in Russia’s fiscal policy has become prominent in 2020. The relevance of this topic is related to the budget’s need for additional sources of financing due to COVID-19 pandemic. The effectiveness of the state’s debt policy is influenced by many factors: the political structure of the state, legal institutions, the economic situation in the country, the quality of infrastructure.