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Employees of Macroeconomic Policy Department of Ministry of Finance were on a one-week working visit to Russian Federation
20.07.2022
Employees of Macroeconomic Policy Department of Ministry of Finance were on a one-week working visit to Russian Federation

From July 13 to 19, employees of the Macroeconomic Policy Department of the RA Ministry of Finance (MoF) were on a working visit to the Russian Federation (RF) and had meetings with representatives of the Financial Research Institute of the Ministry of Finance of the RF and colleagues of the Ministry of Finance of the RF.

During the visit, seminars were held on the current results of improvement of the toolkit for forecasting tax revenues by tax types and the international experience of using DSGE models in the macroeconomic forecasting system.

The Russian partners presented the progress and existing results of the joint works, and the representatives of the RA MoF presented the experience of using tax revenue forecasting toolkit and DSGE models in the process of elaborating the RA fiscal policy.

For the purpose of exchanging experience, meetings were held with the heads of the budget policy and strategic planning and revenue departments of the Ministry of Finance of the RF.

Practical issues regarding the assessment system of public debt and fiscal stability, as well as macroeconomic models for forecasting tax revenues were discussed; continuity of meetings aimed at exchanging experience between representatives of fiscal policy implementing bodies of both countries was emphasized.