IDEAS home Printed from https://ideas.repec.org/a/fru/finjrn/180303p34-48.html
   My bibliography  Save this article

Effectiveness of Legislative Restrictions on Debt Burden of the Russian Regions

Author

Listed:
  • Oleg V. Buklemishev

    (Faculty of Economics, Moscow State University, Moscow 119991, Russia)

  • Denis L. Mikhaylov

    (Moscow Financial Agency Public Budgetary Institution, Moscow 119454, Russia)

  • Vladimir V. Solovyev

    (Moscow Financial Agency Public Budgetary Institution, Moscow 119454, Russia)

  • Igor G. Fetisov

    (Moscow Financial Agency Public Budgetary Institution, Moscow 119454, Russia)

Abstract

Lately the debt burden of the Russian regional authorities has been increasing markedly. On the basis of analysis of the Russian regions’ budget indicators and the structure of their debt, recommendations are made to adjust and improve the system of indicators controlling the budget deficit, the level of debt and borrowings of the federal subjects. In particular, it is proposed to rule out the usage of planned budget figures and change the basis in calculation of expenditures maximum of the regional public debt.

Suggested Citation

  • 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.
    • Handle: RePEc:fru:finjrn:180303:p:34-48
    DOI: 10.31107/2075-1990-2018-3-34-48
    as

    Download full text from publisher

    File URL: http://www.nifi.ru/images/FILES/Journal/Archive/2018/3/statii/fm_2018_3_03.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.31107/2075-1990-2018-3-34-48?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. N. Zubarevich., 2015. "Regional Dimension of the New Russian Crisis," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
    2. V. Tambovtsev., 2017. "Planning and opportunism," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 1.
    3. 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.
    4. Kudrin, Alexey L. (Кудрин, Алексей) & Deryugin, Alexander N. (Дерюгин, Александр), 2018. "Subnational Budget Rules: Foreign and Russian Experience [Субнациональные Бюджетные Правила: Зарубежный И Российский Опыт]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 8-35, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. E. Yu. Ablaev & R. G. Volkov, 2024. "Public Debt of Russian Regions: Budget Loans as a Sustainability Factor," Studies on Russian Economic Development, Springer, vol. 35(6), pages 884-898, December.
    2. Alexander D. Andryakov & Evgeniy A. Dombrovskiy, 2020. "Fiscal Measures to Boost the Economic Development of Russian Territories," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 99-113, October.
    3. Dmitrii Yu. Zemlianskii & Leonid V. Kalinovskii & Darina M. Medvednikova & Valeriia A. Chuzhenkova, 2022. "Оценка Рисков Приостановки Деятельности Иностранных Компаний Для Экономики И Рынков Труда Регионов России," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 4, pages 4-14, April.
    4. Oding, Nina (Одинг, Нина) & Savulkin, Lev (Савулькин, Лев) & Yushkov, Andrey (Юшков, Андрей), 2016. "Fiscal Federalism in Russia through the Lens of Government Programs Implementation [Российский Бюджетный Федерализм Через Призму Реализации Правительственных Программ]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 93-114, August.
    5. Vladislav V. Bukharsky, 2021. "Fiscal Decentralization and Incentives of Local Authorities in the Russian Federation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 114-129, April.
    6. Gordeev, Roman, 2020. "Comparative advantages of Russian forest products on the global market," Forest Policy and Economics, Elsevier, vol. 119(C).
    7. 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.
    8. Buklemishev, O., 2016. "Overcoming Investment Pause in the Russian Economy," Journal of the New Economic Association, New Economic Association, vol. 29(1), pages 160-167.
    9. Evgeny N. Timushev & Vita A. Yagovkina, 2023. "Reserve Funds in Russian Regions: Factors of Formation and Efficiency Assessment," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 61-78, October.
    10. Igor Yu. Arlashkin, 2021. "Clustering of Russian Regions by Level of Debt Sustainability," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 108-124, October.
    11. Olga Miroshnichenko & Anna Tarasova, 2018. "Sources of Regional Banks Capitalization," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 303-314.
    12. Shida, Yoshisada, 2019. "Russian Business under Economic Sanctions: Is There Regional Heterogeneity?," MPRA Paper 93817, University Library of Munich, Germany.
    13. Shida, Yoshisada, 2019. "Russian Business under Economic Sanctions: Is There Regional Heterogeneity?," MPRA Paper 93817, University Library of Munich, Germany.
    14. Dmitrii Yu. Zemlianskii & Leonid V. Kalinovskii & Darina M. Medvednikova & Valeriia A. Chuzhenkova, 2022. "Risk Assessment of Foreign Companies' Withdrawal for the Economy and Labor Markets of Russian Regions [Оценка Рисков Приостановки Деятельности Иностранных Компаний Для Экономики И Рынков Труда Реги," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 4-14, April.
    15. Oksana N. Chuvilova* & Razela N. Denikaeva & Inna V. Merkulova & Ekaterina Y. Kalaschnikova & Yulia V. Rybina, 2018. "Geofinancial Safety of Regions: Theory and Methodology," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 4(12), pages 521-526, 12-2018.
    16. 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.
    17. Yushkov, Andrey, 2015. "Fiscal decentralization and regional economic growth: Theory, empirics, and the Russian experience," Russian Journal of Economics, Elsevier, vol. 1(4), pages 404-418.

    More about this item

    Keywords

    subfederal finance; regional public debt; debt burden; debt sustainability;
    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
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fru:finjrn:180303:p:34-48. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gennady Ageev (email available below). General contact details of provider: https://edirc.repec.org/data/frigvru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.