Execution of budgets in the regions of the Russian Far Eastern in 2022 and the first half of 2023

Aleksei Novitskii and Iliya Shevchenko ()
Additional contact information
Iliya Shevchenko: Federal Autonomous Scientific Institution «Eastern State Planning Centre»

Working Papers from The Eastern State Planning Center

Abstract: The article examines the dynamics of the main parameters of the execution of consolidated budgets in the regions of the Russian Far East in 2022 and for 7 months of 2023. In 2022, the main result in the regions of the Far East was the reduction of budget revenues in real terms. In terms of the total volume of budget revenues, as well as the volume of tax and non-tax revenues, the dynamics of revenues in most Far Eastern regions was worse than the average for Russia. With regard to interbudgetary transfers from the federal budget, the rates of revenue decline, on the contrary, were less abrupt. In the first half of 2023, there was an improvement in the dynamics of budget revenues compared to the corresponding period of 2022, however, according to the approved budget estimates, the situation with budget balance remains tense. As of August 1, 2023, in most Far Eastern constituent entities of the Russian Federation, budgets are approved with a significant level of deficit. At the same time, the adjustments made at the federal level to the methodology for distributing equalization grants to constituent entities indicate a tendency to reduce subsidies to the Far Eastern regions in the coming years.

Keywords: regional budget; Far Eastern Federal District; budget revenues; government debt; federal grants (search for similar items in EconPapers)
JEL-codes: H70 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2023-12, Revised 2023-12
New Economics Papers: this item is included in nep-cis and nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
ftp://portal.vostokgosplan.ru/RePEc/aln/Execution_ ... rst_half_of_2023.pdf Revised version, 2023 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aln:wpaper:350-00001-23/4

Access Statistics for this paper

More papers in Working Papers from The Eastern State Planning Center Contact information at EDIRC.
Bibliographic data for series maintained by Elena Veprikova ().