Influence of state finances upon Russia's economic development (retrospective analysis) (Republics of byelorus', Minsk)
The article discusses the origin and evolution of finances and pays particular attention to state finances that exert a considerable influence upon economic development. The author addresses the issue of the major reason of why Byelorus' has been lagging behind its European neighbors for a long period of time: excessive concentration of financial resources in the hands of the state, precipitously narrowing investment opportunities of the actual producers.