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Russia’s municipal and sub-federal debt market in 2020

Author

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  • Shadrin Artem

    (Gaidar Institute for Economic Policy)

Abstract

In 2021, budgets of the subjects of the Russian Federation were consolidated with a surplus to the tune of Rb604.7 bn, budgets of municipal districts and urban okrugs with a surplus of Rb29.2 bn, budgets of inner urban municipalities of federal cities with a surplus of Rb0.2 bn, budgets of municipal areas - a surplus of Rb21.4 bn, budgets of urban settlements — a surplus of Rb2.5 bn, budgets of rural settlements — a surplus of Rb2.8 bn, budgets of territorial government extrabudgetary funds — a surplus of Rb18.0 bn.

Suggested Citation

  • Shadrin Artem, 2022. "Russia’s municipal and sub-federal debt market in 2020," Published Papers ppaper-2022-1198, Gaidar Institute for Economic Policy, revised 2022.
    • Handle: RePEc:gai:ppaper:ppaper-2022-1198
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1198.pdf
    File Function: Revised Version, 2022
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    More about this item

    Keywords

    Russian economy; regional and municipal finances; loan market; debt market;
    All these keywords.

    JEL classification:

    • 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
    • H76 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Other Expenditure Categories

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