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 2020 Abstract: In 2021, budgets of the subjects of the Russian Federation were consolidated with a surplus to the tune of Rb604.7 bn, budgets of municipal districts and urban okrugs with a surplus of Rb29.2 bn, budgets of inner urban municipalities of federal cities with a surplus of Rb0.2 bn, budgets of municipal areas - a surplus of Rb21.4 bn, budgets of urban settlements — a surplus of Rb2.5 bn, budgets of rural settlements — a surplus of Rb2.8 bn, budgets of territorial government extrabudgetary funds — a surplus of Rb18.0 bn. Classification-JEL: H71, H72, H74, H76 Keywords: Russian economy, regional and municipal finances, loan market, debt market Creation-Date: 2022 Revision-Date: 2022 Length: 12 pages File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1198.pdf File-Format: application/pdf File-Function: Revised Version, 2022 Handle: RePEc:gai:ppaper:ppaper-2022-1198