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: Russia’s Municipal and sub-federal debt market in 2018
Abstract: According to the 2018 year-end data, the regional consolidated budgets and local government off-budget funds’ budgets ran a surplus of RUB 512.9 billion or 0.49 percent of GDP. To compare, 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 in 2017. In 2018, the budgets of subjects of the Russian Federation ran a surplus of RUB 491.5 billion, urban districts’ budgets ran a deficit of RUB 0.8 billion, federal-status cities’ inner-city municipalities’ budgets ran a surplus of RUB 0.4 billion, municipal areas’ budgets ran a surplus of RUB 16.0 billion, urban and rural settlements’ budgets ran a surplus of RUB 3.5 billion, local government off-budget funds’ budgets ran a surplus of RUB 2.7 billion.
Classification-JEL: H71, H74
Keywords: Russian economy, regional and municipal finances, borrowing structure, domestic bonds
Creation-Date: 2019
Revision-Date: 2019
Length: 9 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2019-963.pdf
File-Format: application/pdf
File-Function: Revised Version, 2019
Handle: RePEc:gai:ppaper:ppaper-2019-963