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Regions’ Debt Burden: Awating Budget Loans

Author

Listed:
  • A. Mamedov

    (Gaidar Institute for Economic Policy)

  • E. Fomina

    (Gaidar Institute for Economic Policy)

Abstract

Over 11 months of 2015, regional debt growth came to nearly 5% against the turn of the year. Municipal debt growth during the same period constituted 1.5%. By the period-end for the entire year, the debt volume will increase further. However, growth rates, most likely, will slow down compared to 2014. By the end of 11 months, the budget loans share went up by 7.3 p.p. to 38.3% with simultaneous decline of the commercial loans share by 5.6 p.p. and state bonds by 1.4 p.p. in the debt structure. However, the situation signifi cantly diff ers in various regions: there are regions with public debt growth due to mainly commercial loans with already high level of accumulated debt.

Suggested Citation

  • A. Mamedov & E. Fomina, 2016. "Regions’ Debt Burden: Awating Budget Loans," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 41-44, February.
    • Handle: RePEc:gai:recdev:686
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    More about this item

    Keywords

    debt; Russian Economy;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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