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 in 2019
Abstract: At year-end 2019, the regional consolidated budgets and local government off-budget funds’ budgets ran a surplus of RUB 17.4 billion or 0.02 percent of GDP (contraction by around 30-fold over the year).
To compare, in 2018 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.
In 2019, the budgets of the subjects of the Russian Federation ran a surplus of RUB 15.5 billion, urban districts’ budgets ran a deficit of RUB 16.3 billion, federal-status cities’ inner-city municipalities’ budgets ran a surplus of RUB 0.5 billion, municipal areas’ budgets ran a surplus of RUB 16.0 billion, urban settlements’ budgets ran a surplus of RUB 0.9 billion, local government off-budget funds’ budgets ran a surplus of RUB 12.7 billion.
In 2018, the budgets of the 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 deficit of RUB 0.4 billion, municipal areas’ budgets ran a surplus of RUB 6.7 billion, urban settlements’ budgets ran a deficit of RUB 0.2 billion, rural settlements’ budgets ran a deficit of RUB 0.6 billion, local government off-budget funds’ budgets ran a deficit of RUB 2.7 billion
Classification-JEL: H71, H74
Keywords: Russian economy, regional and municipal finances, loan market
Creation-Date: 2020
Revision-Date: 2020
Length: 9 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2020-1041.pdf
File-Format: application/pdf
File-Function: Revised Version, 2020
Handle: RePEc:gai:ppaper:ppaper-2020-1041