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Balance and Sustainability of Regional Budgets in 2008–2016

Author

Listed:
  • Alexander D. Andryakov

    (Economic Expert Group, Moscow, Russia; Financial Research Institute, Moscow, Russia)

Abstract

Introduction of unfinanced federal mandates connected to the May President Orders in 2012 together with steady reduction in real terms of federal transfers to regions resulted in the loss of regional budget sustainability and balance in the major part of the Russian Federation subjects. Regions began to accumulate state debt in amounts greater than Budget Code restrictions. This paper discusses the reasons of the regional budget sustainability and balance losses in detail, as well as possible approaches to recovery from that crisis.

Suggested Citation

  • Alexander D. Andryakov, 2017. "Balance and Sustainability of Regional Budgets in 2008–2016," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 25-39, December.
    • Handle: RePEc:fru:finjrn:170602:p:25-39
    as

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    References listed on IDEAS

    as
    1. Igor Yu. Arlashkin & Alexander N. Deryugin & Kseniya A. Proka, 2015. "Separation of Jurisdiction between Governmental Tiers in Russia: Budgetary Issues," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 85-93, August.
    2. A. Tabakh & D. Andreeva., 2015. "Debt Strategies of Russian Regions," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    3. Nataliya V. Golovanova & Evgeniy A. Dombrovskiy, 2016. "Federal Center and Regions: Assignment of Powers Changes in 2005 - 2015," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 41-51, April.
    4. N. Akindinova & A. Chernyavsky & A. Chepel., 2016. "Analysis of regional fiscal balance," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    5. Alexander N. Deryugin & Vladimir S. Nazarov & Arseny A. Mamedov, 2014. "Development of Consolidated Budgets of Russian Regions in the Medium Term: Problems and Solutions," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 5-19, September.
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    Citations

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    Cited by:

    1. Oleg V. Buklemishev & Denis L. Mikhaylov & Vladimir V. Solovyev & Igor G. Fetisov, 2018. "Effectiveness of Legislative Restrictions on Debt Burden of the Russian Regions," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 34-48, June.
    2. Anna B. ZOLOTAREVA, 2020. "Problems for Concluding Agreements on Granting Subsidies to Russia [Проблемы Заключения Соглашений О Предоставлении Дотаций Субъектам Рф]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 90-111, November.
    3. Krasnopeeva, Natalia, 2023. "Revenues and expenditures of Russian regional budgets: Granger causality analysis," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 70, pages 5-33.

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    More about this item

    Keywords

    budget balance; budget sustainability; regional budgets; regional debt; intergovernmental grants;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

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