Template-Type: ReDIF-Paper 1.0
Author-Name:Shadrin Artem 
Author-Name-First: Artem 
Author-Name-Last:Shadrin 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: Municipal and subfederal loan market
Abstract: The regions’ consolidated budgets and the budgets of subnational state off-budget funds ran with a deficit of Rb 178.7bn (0.22% of GDP) at the 2015 year-end. In terms of percentage of GDP, the regions’ consolidated budget deficit was over three times as little as the value recorded in 2014. For example, in 2014, subnational budgets ran a deficit of Rb 485.6bn (0.68% of GDP).
Classification-JEL: H71, H74
Keywords:  Russian economy, municipal finances, loan market
Creation-Date: 2016
Revision-Date:2016
Publication-Status: Published in RUSSIAN ECONOMY IN 2015  TRENDS AND OUTLOOKS  (ISSUE 37)
Length: 10 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-258.pdf
File-Format: application/pdf
File-Function: Revised version, 2016
Handle: RePEc:gai:ppaper:ppaper-2016-258