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Russian Regions: ongoing slow-rolling crisis

Author

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  • Zubarevich Natalia

    (Gaidar Institute for Economic Policy)

Abstract

In Q1 2016, the regional view of the crisis changed insignificantly. Decline of population’s income and consumption posted in the majority of regions remain the most acute issue. The тumber of regions which register ongoing investment decline has somewhat fallen. This being said, 2/3 of regions reduce the volume of housing construction. At the same time, fewer regions post industrial recession. The state of regions’ budgets has not changed. As year earlier, 2/3 of regions boasted of the deficit and by the end of 2016, their number will grow. The debt volume has not declined, the list of debtladened regions remained unchanged and the debt pattern saw a reduction of tight credits at the expense of budget loans extended by the Finance Ministry.

Suggested Citation

  • Zubarevich Natalia, 2016. "Russian Regions: ongoing slow-rolling crisis," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 15-21, September.
    • Handle: RePEc:gai:recdev:recdev-2016-9-727
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    More about this item

    Keywords

    Regional politic; Russian Economy;

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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