Effectiveness of Legislative Restrictions on Debt Burden of the Russian Regions

Oleg V. Buklemishev (), Denis L. Mikhaylov (), Vladimir V. Solovyev () and Igor G. Fetisov ()
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Oleg V. Buklemishev: Faculty of Economics, Moscow State University, Moscow 119991, Russia
Denis L. Mikhaylov: Moscow Financial Agency Public Budgetary Institution, Moscow 119454, Russia
Vladimir V. Solovyev: Moscow Financial Agency Public Budgetary Institution, Moscow 119454, Russia
Igor G. Fetisov: Moscow Financial Agency Public Budgetary Institution, Moscow 119454, Russia

Finansovyj žhurnal — Financial Journal, 2018, issue 3, 34-48

Abstract: Lately the debt burden of the Russian regional authorities has been increasing markedly. On the basis of analysis of the Russian regions’ budget indicators and the structure of their debt, recommendations are made to adjust and improve the system of indicators controlling the budget deficit, the level of debt and borrowings of the federal subjects. In particular, it is proposed to rule out the usage of planned budget figures and change the basis in calculation of expenditures maximum of the regional public debt.

Keywords: subfederal finance; regional public debt; debt burden; debt sustainability (search for similar items in EconPapers)
JEL-codes: H71 H72 H74 H77 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:180303:p:34-48

DOI: 10.31107/2075-1990-2018-3-34-48

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