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Regional Budgets Maintain Sufficient Financial Sustainability at the End of 7 Months of 2022
[Региональные Бюджеты По Итогам Января-Июля 2022 Г. Сохраняют Достаточную Финансовую Устойчивость]

Author

Listed:
  • Alexander N. Deryugin

    (Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy)

Abstract

At the end of the first seven months of 2022, growth in revenues of the consolidated budgets of the RF regions was outpacing the growth in budget expenditures and the inflation rate, indicating that regions maintained a sufficient level of financial sustainability. As for the structure of expenditures, those expenditures on the national economy are increasingly replacing expenditures on national matters, education and culture. The federal center’s emergency measures aimed to replace regional commercial debt with budget loans contributed both to the reduction of debt servicing costs and to the general reduction of the risk of default on regional debt obligations.

Suggested Citation

  • Alexander N. Deryugin, 2022. "Regional Budgets Maintain Sufficient Financial Sustainability at the End of 7 Months of 2022 [Региональные Бюджеты По Итогам Января-Июля 2022 Г. Сохраняют Достаточную Финансовую Устойчивость]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 10, pages 69-73, October.
    • Handle: RePEc:gai:recdev:r2289
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    More about this item

    Keywords

    regions’ budgets; revenues of regional budgets; expenditures of regional budgets; intergovernmental fiscal transfers; regional debt;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • 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

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