Template-Type: ReDIF-Article 1.0
Author-Name:A. Mamedov
Author-Name-First:A. 
Author-Name-Last: Mamedov
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Author-Name:E. Fomina
Author-Name-First:E.  
Author-Name-Last: Fomina
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title: REGIONS’ DEBT BURDEN: AWATING BUDGET LOANS
Abstract: Over 11 months of 2015, regional debt growth came to nearly 5% against the
turn of the year. Municipal debt growth during the same period constituted
1.5%. By the period-end for the entire year, the debt volume will increase further.
However, growth rates, most likely, will slow down compared to 2014.
By the end of 11 months, the budget loans share went up by 7.3 p.p. to 38.3%
with simultaneous decline of the commercial loans share by 5.6 p.p. and state
bonds by 1.4 p.p. in the debt structure. However, the situation signifi cantly
diff ers in various regions: there are regions with public debt growth due to
mainly commercial loans with already high level of accumulated debt.
Classification-JEL:E60, E61, E64, E62
Keywords: debt, Russian Economy
Journal: RUSSIAN ECONOMIC DEVELOPMENTS
Year: 2016
Issue: 2
Month: February
Pages: 41-44
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/686Mamedov.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:686