Regions:͵ Focus on Reduction of Expenses

Russian Economic Developments. Moscow, 2016, No. 5, pp. 16-19

4 Pages Posted: 19 May 2016

See all articles by Alexander Deryugin

Alexander Deryugin

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Business Studies; Financial Research Institute of the Ministry of Finance of the Russian Federation; Gaidar Institute for Economic Policy

Date Written: May 19, 2016

Abstract

Reduction of the deficit of the consolidated budgets of subjects of the Russian Federation in 2015 was due to not to the improvement of the financial state of the regions but a decrease of borrowing possibilities and contraction of financial assistance from the federal budget. That is why ensuring non-deficit budget at the expense of cuƫting budget expenditure will be de-facto main priority for the fiscal policy of many regions during the current year and many years to come.

Keywords: Russian economy, regional development, regional finances, regional budgets

JEL Classification: P24, E52

Suggested Citation

Deryugin, Alexander, Regions:͵ Focus on Reduction of Expenses (May 19, 2016). Russian Economic Developments. Moscow, 2016, No. 5, pp. 16-19, Available at SSRN: https://ssrn.com/abstract=2781872 or http://dx.doi.org/10.2139/ssrn.2781872

Alexander Deryugin (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Business Studies ( email )

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Financial Research Institute of the Ministry of Finance of the Russian Federation ( email )

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Gaidar Institute for Economic Policy ( email )

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