IDEAS home Printed from https://ideas.repec.org/a/fru/finjrn/230505p79-93.html
   My bibliography  Save this article

Moscow Budget Policy: Opportunities for Responding to the Challenges of the New Reality

Author

Listed:
  • Vladimir V. Klimanov

    (RANEPA, Moscow, Russian Federation; Autonomous Non-Commercial Organization “Institute for Public Finance Reform”, Moscow, Russian Federation)

  • Anna A. Mikhaylova

    (RANEPA, Moscow, Russian Federation; Autonomous Non-Commercial Organization “Institute for Public Finance Reform”, Moscow, Russian Federation)

  • Zoya I. Egorsheva

    (RANEPA, Moscow, Russian Federation)

Abstract

At present in Russia there is a need to improve the quality of budget policy as the most important element of state policy, and Moscow is undoubtedly the leading region for its implementation. The purpose of the study is to determine whether Moscow's budget policy can respond to the challenges of the new reality through the instrument of state programs. To achieve this goal, the article considers the retrospective of Moscow budget execution in terms of expenditures, paying special attention to the program structure of expenditures. With the help of statistical and analytical methods the authors analyze the dynamics of budget expenditures distribution within the framework of Moscow state programs, and examine the approved and executed budgets and the percentage of deviation of the executed expenditures from the initially approved ones by subprograms. It is concluded that the Moscow budget is quite adaptive. The dynamics of budget expenditures shows that the distribution of budget allocations has been adjusted due to the need of the megapolis to respond to various challenges. If earlier such challenges included the need to fight the COVID-19 pandemic, now it is a tense foreign policy situation and sanctions from unfriendly states.

Suggested Citation

  • Vladimir V. Klimanov & Anna A. Mikhaylova & Zoya I. Egorsheva, 2023. "Moscow Budget Policy: Opportunities for Responding to the Challenges of the New Reality," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 79-93, October.
    • Handle: RePEc:fru:finjrn:230505:p:79-93
    DOI: 10.31107/2075-1990-2023-5-79-93
    as

    Download full text from publisher

    File URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2023/5/statii/05_5_2023_v15.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.31107/2075-1990-2023-5-79-93?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. Masahisa Fujita & Paul Krugman & Anthony J. Venables, 2001. "The Spatial Economy: Cities, Regions, and International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262561476, April.
    2. Vladimir V. Klimanov & Sofia M. Kazakova, 2022. "Debt Policy for the Sustainable Development of Russian Regions and Megacities," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 8(4), pages 327-339.
    3. Ànna Mikhaylova & Evgeny Timushev, 2020. "Russia’s Budgetary System: How Much Sustainable?," HSE Economic Journal, National Research University Higher School of Economics, vol. 24(4), pages 572-597.
    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. Markusen, James R. & Venables, Anthony J., 1999. "Foreign direct investment as a catalyst for industrial development," European Economic Review, Elsevier, vol. 43(2), pages 335-356, February.
    2. Athukorala, Prema-chandra & Narayanan, Suresh, 2018. "Economic corridors and regional development: The Malaysian experience," World Development, Elsevier, vol. 106(C), pages 1-14.
    3. Paulo B. Brito, 2022. "The dynamics of growth and distribution in a spatially heterogeneous world," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 21(3), pages 311-350, September.
    4. Stephen J. Redding, 2010. "The Empirics Of New Economic Geography," Journal of Regional Science, Wiley Blackwell, vol. 50(1), pages 297-311, February.
    5. Wolfgang Keller, 2002. "Geographic Localization of International Technology Diffusion," American Economic Review, American Economic Association, vol. 92(1), pages 120-142, March.
    6. Donald R. Davis & David E. Weinstein, 2008. "A Search For Multiple Equilibria In Urban Industrial Structure," Journal of Regional Science, Wiley Blackwell, vol. 48(1), pages 29-65, February.
    7. Kadeřábková Jaroslava & Jetmar Marek, 2010. "Selected issues of the development of small municipalities in the Czech Republic, financing of municipalities," European Countryside, Sciendo, vol. 2(2), pages 102-117, January.
    8. Jean-Marc Callois & Carl Gaigné, 2010. "Attitudes Towards Foreign Products and Welfare with Capital Mobility," Open Economies Review, Springer, vol. 21(5), pages 751-770, November.
    9. Biller, Dan & Andres, Luis & Cuberes, David, 2014. "A dynamic spatial model of rural-urban transformation with public goods," Policy Research Working Paper Series 7051, The World Bank.
    10. Francesc Amat & Pablo Beramendi & Miriam Hortas-Rico & Vicente Rios, 2020. "How inequality shapes political participation: The role of spatial patterns of political competition," Working Papers. Collection B: Regional and sectoral economics 2002, Universidade de Vigo, GEN - Governance and Economics research Network.
    11. Alberto Díaz Dapena & Fernando Rubiera Morollón & Mônica de Moura Pires & Andréa da Silva Gomes, 2017. "Convergence in Brazil: new evidence using a multilevel approach," Applied Economics, Taylor & Francis Journals, vol. 49(50), pages 5050-5062, October.
    12. Christian Broda & David E. Weinstein, 2006. "Globalization and the Gains From Variety," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(2), pages 541-585.
    13. Pierre Philippe Combes & Gilles Duranton & Henry G. Overman, 2005. "Agglomeration and the adjustment of the spatial economy§," Papers in Regional Science, Wiley Blackwell, vol. 84(3), pages 311-349, August.
    14. Alberto Franco Pozzolo, 2004. "Research and Development, Regional Spillovers and the Location of Economic Activities," Manchester School, University of Manchester, vol. 72(4), pages 463-482, July.
    15. Klarl, Torben Alexander, 2015. "Urban-rural migration and congestion costs revisited: is there a triple dividend for cities in developing countries?," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112829, Verein für Socialpolitik / German Economic Association.
    16. Sulekha Hembram & Souparna Maji & Sushil Kr. Haldar, 2019. "Club Convergence among the Major Indian States During 1982–2014: Does Investment in Human Capital Matter?," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 20(2), pages 184-204, September.
    17. Theodore Tsekeris & Klimis Vogiatzoglou, 2011. "Spatial agent-based modeling of household and firm location with endogenous transport costs," Netnomics, Springer, vol. 12(2), pages 77-98, July.
    18. Denise PUMAIN, 2012. "Une Théorie Géographique Pour La Loi De Zipf," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 36, pages 31-54.
    19. Ralph Ossa, 2015. "A Quantitative Analysis of Subsidy Competition in the U.S," 2015 Meeting Papers 1107, Society for Economic Dynamics.
    20. Porfírio, José, 2011. "The Portuguese Economic Divergence with European Union: A Call for Corporate Strategy in Light of New Economic Geography Principles," Spatial and Organizational Dynamics Discussion Papers 2011-1, CIEO-Research Centre for Spatial and Organizational Dynamics, University of Algarve.

    More about this item

    Keywords

    Moscow budget policy; megapolis finances; financial sustainability; state programs and projects;
    All these keywords.

    JEL classification:

    • 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
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

    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:230505:p:79-93. 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.