Template-Type: ReDIF-Paper 1.0 Author-Name:Andrei Alaev Author-Name-First: Andrei Author-Name-Last: Alaev Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Arseny Mamedov Author-Name-First: Arseny Author-Name-Last: Mamedov Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Vladimir Nazarov Author-Name-First: Vladimir Author-Name-Last: Nazarov Author-Workplace-Name: Gaidar Institute for Economic Policy Title: Russia’s Financial Markets and Financial Institutions in 2012 Abstract: This paper deals with the issue of intergovernmental fiscal relations and subnational finances in Russia. The authors focus on the issue of subnational budgets in 2012, financial support from the federal budget. The point out to how the federal authorities stimulate the constitutent territories on the Russian Federation. Length: 20 pages Creation-Date: 2013 Revision-Date: 2013 Publication-Status: Published Paper Series Classification-JEL: H5 Keywords: Russian economy, fiscal relations, subnational finances, federal budget, road funds, subnational budgets File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/148Nazarov.pdf File-Format: Application/pdf File-Function: Revised version, 2013 Handle: RePEc:gai:ppaper:148