Russia's Government Policies and its effect on Russia's economy.

G all overnment

The role of the Russian Government is stated in the ecesis of the Russian Federation. A Detailed description of the Government organize and activities is located in Chapter 6 of the Constitution. This can be briefly summarised as follows:

The executive power in Russia shall be exercised by the Government of the Russian Federation.

The Government of the Russian Federation consists of the prexy of the Government of the Russian Federation, Deputy Chairman of the Government of the Russian Federation and federal ministries.

Policies

There argon two types of policies operating in Russia:

1. Macroeconomic - which affects the country as a whole, and includes fiscal and financial policies.

A high degree of political stability and co-operation between the federal government and the parliament during the recent years has created better opportunities for acknowledgement of key economic policies. The Russian government and the Central affirm of Russia have been working on beneficial macroeconomic policies over the last few years, using the financial restraint, to stabilise expectations, work problems with foreign creditors, and improving the credibility of fiscal and monetary form _or_ system of government commitments. Russia has already succeeded in restoring the macroeconomic stability in 1999, by and by the 1998 crisis.



The fiscal and monetary policies were improved by the strengthening of petroleum and gas prices on world markets. A contraction of imports, and a higher value of exports moved Russias current account from a deficit of 6 billion USD in 1998 to a purposeless of 45 billion USD in 2000. This resulted in an increase of consummate(a) foreign reserves from 12 billion USD at the lay off of 1999 to 37 billion by the end of 2001 and to a commodious 51 billion USD in 2002.

2. Microeconomic - which affects individuals and businesses.

Russias microeconomic policies are not as successful as they are...

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