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Consensus Forecast of the Consolidated Budgets of Russian Regions for 2022
[Консенсус-Прогноз Состояния Консолидированных Бюджетов Регионов России На 2022 Год]

Author

Listed:
  • Dmitrii Yu. Zemlianskii

    (Russian Presidential Academy of National Economy and Public Administration; Lomonosov Moscow State University)

  • Vladimir V. Klimanov

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The budgets of Russian regions have experienced many important changes in recent years. The results of 2021 were positive in general. But in 2022, the situation has changed radically. Nowadays, the situation with regional budgets is becoming uncertain due to the lack of understanding of the duration and extent of the final sanctions pressure on the Russian economy. To diagnose changes and form a vision of possible changes in the budget situation, a consensus forecast was formed based on a survey of specialized experts. The forecast showed an expected large decrease in revenues with a slow growth of expenditures of regional budgets. The real changes will mostly depend on the level of inflation by the end of the year. The article was prepared as part of the research work of the state task of the Russian Presidential Academy of National Economy and Public Administration.

Suggested Citation

  • Dmitrii Yu. Zemlianskii & Vladimir V. Klimanov, 2022. "Consensus Forecast of the Consolidated Budgets of Russian Regions for 2022 [Консенсус-Прогноз Состояния Консолидированных Бюджетов Регионов России На 2022 Год]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 53-58, April.
    • Handle: RePEc:gai:recdev:r2238
    as

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    References listed on IDEAS

    as
    1. Klimanov, V. & Mikhaylova, A., 2021. "Fiscal decentralization in pandemic and post-pandemic times," Journal of the New Economic Association, New Economic Association, vol. 51(3), pages 218-226.
    2. E. Gurvich., 2006. "How Accurate are Macroeconomic and Fiscal Forecasts?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
    Full references (including those not matched with items on IDEAS)

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    1. Dmitrii Yu. Zemlianskii & Vladimir V. Klimanov, 2022. "Консенсус-Прогноз Состояния Консолидированных Бюджетов Регионов России На 2022 Год," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 4, pages 53-58, April.
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    More about this item

    Keywords

    regional budgets; forecast; budget deficit; expert survey;
    All these keywords.

    JEL classification:

    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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