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Intergovernmental fiscal relations and subnational finance in Russia in 2015

Author

Listed:
  • Mamedov Arseny

    (Gaidar Institute for Economic Policy)

  • Fomina Elena

    (Gaidar Institute for Economic Policy)

  • Belev Sergey

    (Gaidar Institute for Economic Policy)

Abstract

In 2015, the share of subnational budget expenditure of the Russian Federation consolidated budget dropped considerably from 39.7% in 2014 to 32.1% in 2015 (excluding expenditure for the Crimean Federal Okrug). The share of tax revenues shrank to a lesser extent, from 32.6% to 28.6%, during the same period. The decline in the share of subnational budget expenditure of the total volume of Russia’s consolidated budget expenditure is explained largely by faster-than-normal growth of the federal budget expenditure (by 5.6% in nominal terms). The federal budget expenditure increased first of all for ‘General National Issues’ (by 18.6%), ‘National Defense’ (by 28.3%), ‘Housing and Utilities’ (by 20.5%), ‘Social Policy’ (by 23.5%), ‘Municipal and Public Debt Servicing’ (by 24.8%). Subnational budget expenditure increased in the period under review by 1.4% (excluding expenditure for the Crimean Federal Okrug).

Suggested Citation

  • Mamedov Arseny & Fomina Elena & Belev Sergey, 2016. "Intergovernmental fiscal relations and subnational finance in Russia in 2015," Published Papers ppaper-2016-259, Gaidar Institute for Economic Policy, revised 2016.
    • Handle: RePEc:gai:ppaper:ppaper-2016-259
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-259.pdf
    File Function: Revised version, 2016
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    More about this item

    Keywords

    Russian economy; fiscal relations; subnational finance; consolidated budget; debt policy;
    All these keywords.

    JEL classification:

    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • H76 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Other Expenditure Categories
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

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