The Significance of Credits and Subsidies in Russian Agricultural Reform is popular PDF and ePub book, written by Douglas Aziz Galbi in 1999, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, The Significance of Credits and Subsidies in Russian Agricultural Reform can be Read Online from any device for your convenience.
The Significance of Credits and Subsidies in Russian Agricultural Reform Book PDF Summary
March 1995 Federal transfers to Russia's agro-industrial complex fell from 10 percent of GDP in 1992 to 3 percent of GDP in 1993, and were slated to be only 2 percent of GDP in 1994. But the basic framework for agricultural policy has not changed since the Soviet era and federal transfers have tended to impede rather than enhance market-oriented reform. Galbi analyzes the role of federal agricultural credits and subsidies in Russia since the Gaidar reforms of January 1992. Pressure on the budget has led to a significant reduction in federal transfers to the agro-industrial complex. Transfers fell from 10 percent of gross domestic product (GDP) in 1992 to 3 percent of GDP in 1993, and budget transfers for 1994 are only about 2 percent of GDP. But the nature of federal transfers to the agro-industrial complex has not changed significantly since 1992, and federal transfers have tended to impede market-oriented reform rather than enhance it. So reform in the agriculture sector has been driven largely by a budget squeeze on the implementation of policies that hinder the development of market-oriented agriculture. Galbi provides an overview of federal agro-industrial programs, describing four types of support in detail: * Credits and subsidies to promote private farms. * Credits associated with state procurement of agricultural products. * Subsidies for agricultural inputs. * General subsidies to agricultural producers. He shows the difficulty of using federal transfers to support agriculture when institutions are unstable, the government's administrative and regulatory capabilities are weak, and information needed for effective credit allocation is unavailable. He also shows the extent to which the framework for agricultural policy has not changed since the Soviet era. This paper -- a product of the Office of the Vice President, Development Economics -- is part of an ongoing research on Russian monetary and credit policy.
Detail Book of The Significance of Credits and Subsidies in Russian Agricultural Reform PDF
- Author : Douglas Aziz Galbi
- Release : 21 September 1999
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Uncategoriezed
- Total Page : 44 pages
- Language : English
- PDF File Size : 15,8 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book The Significance of Credits and Subsidies in Russian Agricultural Reform by Douglas Aziz Galbi, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.