Template-type: ReDIF-Article 1.0
Author-Name: Alexander N. Deryugin
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy
Title: Regional Budgets Maintain Sufficient Financial Sustainability at the End of 7 Months of 2022
Title: Региональные бюджеты по итогам января-июля 2022 г. сохраняют достаточную финансовую устойчивость
Abstract: At the end of the first seven months of 2022, growth in revenues of the consolidated budgets of the RF regions was outpacing the growth in budget expenditures and the inflation rate, indicating that regions maintained a sufficient level of financial sustainability. As for the structure of expenditures, those expenditures on the national economy are increasingly replacing expenditures on national matters, education and culture. The federal center’s emergency measures aimed to replace regional commercial debt with budget loans contributed both to the reduction of debt servicing costs and to the general reduction of the risk of default on regional debt obligations.
Keywords: regions’ budgets, revenues of regional budgets, expenditures of regional budgets, intergovernmental fiscal transfers, regional debt
Classification-JEL: H61, H62, H63, H71, H72, H74, H77
Journal: Russian Economic Developments
Year: 2022
Issue: 10
Month: October
Pages: 69-73
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2289.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2289