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 2020
Abstract: The crisis phenomena in the global and Russian economy directly related to the introduction of quarantine measures in 2020, led to the deficit of the consolidated regional budget. At end-2020, the consolidated regional budget and the budgets of territorial state extra-budgetary funds ran a deficit of Rb667.4 bn, or 0.63% of GDP. To compare, in 2019 the consolidated regional budget and the budgets of territorial state extra-budgetary funds ran a surplus of Rb17.4 bn, or 0.02% of GDP.
Classification-JEL: H71, H72, H74, H76
Keywords: Russian economy, regional and municipal finances, loan market, debt market
Creation-Date: 2021
Revision-Date: 2021
Length: 12 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2021-1120.pdf
File-Format: application/pdf
File-Function: Revised Version, 2021
Handle: RePEc:gai:ppaper:ppaper-2021-1120