Municipal and subfederal loan market

Artem Shadrin
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Artem Shadrin: Gaidar Institute for Economic Policy

Published Papers from Gaidar Institute for Economic Policy

Abstract: The regions’ consolidated budgets and the budgets of subnational state off-budget funds ran with a deficit of Rb 178.7bn (0.22% of GDP) at the 2015 year-end. In terms of percentage of GDP, the regions’ consolidated budget deficit was over three times as little as the value recorded in 2014. For example, in 2014, subnational budgets ran a deficit of Rb 485.6bn (0.68% of GDP).

Keywords: Russian economy; municipal finances; loan market (search for similar items in EconPapers)
JEL-codes: H71 H74 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2016, Revised 2016
New Economics Papers: this item is included in nep-cis, nep-cse and nep-tra
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Published in RUSSIAN ECONOMY IN 2015 TRENDS AND OUTLOOKS (ISSUE 37)

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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-258.pdf Revised version, 2016 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2016-258

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