Template-type: ReDIF-Article 1.0
Author-Name: Deryugin Alexander
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy
Title: Regions’ Budgets in 2020: Support by the Russian Federation and Anti-Crisis Policy
Title: Региональные бюджеты в 2020 г.: поддержка Федерацией и антикризисная политика
Abstract: In 2020, the budget policy of the Russian Federation regarding regions had a strongly pronounced counter-cyclical nature aimed at immediate support of the worst-off subjects. This measure allowed to offset declining tax and non-tax revenues and ensure implementation of regional anti-crisis measures intended to strengthen the public health system, support of the economy and the social sphere. 
Proper tax and non-tax regions’ revenues contracted by merely 1.8%, which is a good result against the 2009 and 2014–2015 crises and was mainly due to a rebound in tax receipts in H2 2020. 
The all-time high public regional debt amounting to Rb2.5 trillion at the end of 2020 does not pose a serious threat for their budget stability owing to a relatively low debt burden.
Keywords: regional budgets, revenues of the regional budgets, expenditure of the regional budgets, regional public debt, budget loans, crisis
Journal: Russian Economic Developments
Year: 2021
Issue: 3
Month: March
Pages: 55-58
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2135.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2135