About the Government Deposits’ Management in Russia
This paper presents a comparative analysis of the Russian and foreign practice in the management of government deposits. In comparison with European countries Russia has the most uneven distribution of public expenditures during a financial year. Moreover the allocation of the temporarily free funds on the commercial banks’ deposits is not based on a strategic rule of targeting a certain balance of funds on the accounts with the Bank of Russia. For improving Russian practice of temporarily free funds management the authors suggest to use foreign experience and recommend the direction allowing to minimize the fluctuations in the banking system liquidity level.