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 sub-federal debt market Abstract: According to the 2017 year-end data, the regional consolidated budgets and local government off-budget funds’ budgets ran a deficit of RUB 61.5 billion or 0.07 percent of GDP. Classification-JEL: H71, H74 Keywords: Russian economy, regional and municipal finances, loan market Creation-Date: 2018 Revision-Date:2018 Length: 9 pages File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2018-324.pdf File-Format: application/pdf File-Function: Revised version, 2018 Handle: RePEc:gai:ppaper:ppaper-2018-324