Regional Budgets: Growth in Revenues and Decrease in the Debt Burden
Monitoring of Russia's Economic Outlook. Moscow. 2018. No. 15, pp. 13-16
4 Pages Posted: 10 Oct 2018
Date Written: September 17, 2018
Abstract
According to the results of H1 2018, the growth rates of revenues of consolidated budgets of constituent entities of the Russian Federation largely exceeded the current level of the rate of inflation, so, at year-end most regional and local budgets can expect growth in their real incomes. A recent decrease in the debt burden of the less well-off constituent entities is another evidence of the financial situation getting back to normal at the regional level.
Keywords: Russian economy, regional budgets
JEL Classification: H71, H74, H76, H77
Suggested Citation: Suggested Citation