Fiscal space as a methodology for effective management of public finances
https://doi.org/10.24182/2073-6258-2025-24-1-43-49
Abstract
The urgency of finding new methods to improve public finance management stems from economic shocks, geopolitical crises, and unforeseen or emergency situations. Due to regional differences in economic and budget potential, state functions and powers can face financial limitations. This has led to the development of the «fiscal space» concept, which aims to improve the effectiveness of tax reforms, budget spending, public debt management, and the attraction of financing for budget deficits to achieve socioXeconomic objectives. However, the application of the concept in domestic practice requires the systematization of methodological approaches.
About the Author
A. A. Kharlamova
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Student
Moscow
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For citations:
Kharlamova A.A. Fiscal space as a methodology for effective management of public finances. Scientific notes of the Russian academy of entrepreneurship. 2025;24(1):43-49. (In Russ.) https://doi.org/10.24182/2073-6258-2025-24-1-43-49
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