Impetus to the economy through budget surplus, debt reduction, interest expenses and part of deposits

Subject. This article discusses deleverage as an alternative to the classic budget impulse. Objectives. The article aims to analyze reverse budget and credit multipliers (deleverage). Methods. For the study, I used a comparative analysis, content analysis, and modeling. Results. The article identifies and describes the levels of sustainable GDP growth in various countries, as well as the reasons for its changes. Conclusions and Relevance. The article concludes that the impulse of a budget surplus and the reduction of public debt, interest expenses, and deposits can ensure years of sustainable GDP growth instead of a spike in deficits and debt, limited to quarters of impulse. The results of the research may be useful for developments in the field of budget and monetary policies.

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Publication Details

Journal
Finance and Credit
Published
2025-05-29
DOI
https://doi.org/10.24891/wnmdbh
Citations
2
Primary Topic
Fiscal Policies and Political Economy
Type
article
Field-Weighted Citation Impact
6.26
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article

Impetus to the economy through budget surplus, debt reduction, interest expenses and part of deposits

S.V. Anureev
2 citations
Finance and Credit
Fiscal Policies and Political Economy
6.26
article

Impetus to the economy through budget surplus, debt reduction, interest expenses and part of deposits

S.V. Anureev
article en
2 citations

Abstract

Subject. This article discusses deleverage as an alternative to the classic budget impulse. Objectives. The article aims to analyze reverse budget and credit multipliers (deleverage). Methods. For the study, I used a comparative analysis, content analysis, and modeling. Results. The article identifies and describes the levels of sustainable GDP growth in various countries, as well as the reasons for its changes. Conclusions and Relevance. The article concludes that the impulse of a budget surplus and the reduction of public debt, interest expenses, and deposits can ensure years of sustainable GDP growth instead of a spike in deficits and debt, limited to quarters of impulse. The results of the research may be useful for developments in the field of budget and monetary policies.

Finance and CreditVol. 31(5)
Financial University (RU), Government of Russia (RU)
Openalex Percentile: Top 4%
Fiscal Policies and Political Economy
6.26
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