Management of Equation of the Federal Budget: Foreign Debt to Russia
The quality of state budget planning and implementation process is directly connected with issues of management of foreign state debt and foreign financial assets. The article analyzes legal regulation of foreign debt management issues in Russia, the structure of its public debt and debt of foreign states to Russia. Possible schemes of debt restructuring including write-off, buy-back, several types of conversion and securitization are described. Principles of foreign debt settlement and Russia's participation in the Paris Club are presented. The article also deals with practical problems of settlement of foreign debts owed to Russia.
Бюджетирование, ориентированное на результат (новые тенденции)
The focus of public sector budgeting in many countries has changed from input budgeting to results-based one which calculates how many services or products are being produced. Main definitions and elements of the new concept, its advantages and the history of development are presented. The problems of using performance budgeting in Russia and other countries and ways of their resolving are described.
Mesozoic rifting and basin inversion along the northern African Tethyan margin: an overview
Abstract The northern African Tethyan margin registered three major rifting episodes from the latest Palaeozoic-earliest Mesozoic to the earliest Cenozoic. Break-up of Gondwana was initiated in the late Carboniferous. Along the northern African-Arabian plate margin rifting propagated westward from the northeastern Arabian margin to Morocco during the Permian and Triassic, and was accompanied by Mid-Late Triassic-earliest Liassic extensive alkaline flow basalts. Rifting continued during the Liassic, e.g. in the Moghrebian Atlas troughs. A second stage of rifting occurred in the Late Jurassic and continued into, or was rejuvenated during, the Early Cretaceous. Along the east Mediterranean margin, some large E-W trending rifts formed, often with associated volcanism, e.g. southern Sirt and Abu Gharadig. Most researchers believe the oceanization of the eastern Mediterranean basin occurred at this time. Flexural subsidence affected the Moghrebian Atlas, including the Riffian-Tellian domain, where a thick flysch series was deposited. Two short-lived, but widespread and tectonically important, compressional or wrench-dominated events occurred during the Santonian and the latest Maastrichtian. From Morocco to Oman, most sedimentary basins were folded and inverted at these times. The Santonian event resulted from onset of the collision between the African-Arabian and Eurasian plates. New stress-fields favoured NE-SW extension along the African plate margin, generating or rejuvenating some rifts, e.g. in the Euphrates trough and in the Libya-Tunisia region (northwestern Sirt, Pelagian Sea). Rifting and magmatism continued in these regions into the Paleocene. During the Mesozoic, therefore, the northern margin of the African-Arabian plate registered both rifting resulting in the oceanization of the Tethys and rifting resulting from the initiation of the closure of the Tethys. The intraplate domain exhibited echoes of the tectonic events affecting the margin.