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Practically twice, so in the beginning of 1998 volume of the state credit obligations-federal loan bonds which were in

The reference has exceeded 400 billion roubles, having reached in the middle of the year

Peak value in 436 billion roubles that almost for 18 percent Exceeded volume of the rouble monetary weight which were in circulation.

It is considered to be that on an economic situation in Russia in the end of 1997

And within 1998 a number of external factors (in particular has influenced -

Falling of the world prices for oil, and on a number of other key goods of the Russian

Export, financial crisis in South East Asia). However, hardly it is possible

To consider that these factors have rendered crucial importance on succession of events in

To the country. More likely external shocks have only bared fundamental problems

The Russian economy, having approached economic and financial crisis.

To number of the fundamental reasons which led to crisis and have caused

Transition to new, epicritic, a phase of state of the economy of the country, in the first

Turn it is necessary to carry budget and public debt problems, Chronic large-scale imbalance of the State expenditure and Incomes. Imposing on an internal disbalance of imbalance external

(Balance of payments) has excluded possibility of maintenance of visible stability

Public finances, the prices, the rate of exchange.

In drawing 1 return correlation between deficiency of the federal is visible

The budget and balance of the bill on current operations - the state had possibility

To suppose that it a budgeted deficit, than steadier it appeared

The balance of payments. In spite of the fact that the budgeted deficit gradually decreased,

It it has appeared insufficiently when since 1998 on internal Imbalance was imposed imbalance of external balance, i.e. When the balance of the bill on current operations became steadily negative.

Fig. 1. Balance of the bill on current operations and deficiency of the federal budget

In 1996-1998 (billions dollars)

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Database Icon Set Database Icon Set brings you lots of bright and colorful icons for database application development. The images are provided in all the common icon sizes and file formats include GIF, PNG, BMP and ICO.

Security Software Icons Security Software Icons is a collection of professionally-crafted pre-made icons for use in commercial and private projects, such as software applications, websites and presentations. The icons have a marvelous color palette, smooth and well-rounded edges.

E-mail Icon Set E-Mail Icon Set is a library of professionally- created stock icons for use in business and personal products, such as software applications, websites, blogs and presentations.

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