Russia’s Municipal and sub-federal debt market in 2018

Artem Shadrin
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Artem Shadrin: Gaidar Institute for Economic Policy

Published Papers from Gaidar Institute for Economic Policy

Abstract: According to the 2018 year-end data, the regional consolidated budgets and local government off-budget funds’ budgets ran a surplus of RUB 512.9 billion or 0.49 percent of GDP. To compare, the regional consolidated budgets and local government off-budget funds’ budgets ran a deficit of RUB 61.5 billion or 0.07 percent of GDP in 2017. In 2018, the budgets of subjects of the Russian Federation ran a surplus of RUB 491.5 billion, urban districts’ budgets ran a deficit of RUB 0.8 billion, federal-status cities’ inner-city municipalities’ budgets ran a surplus of RUB 0.4 billion, municipal areas’ budgets ran a surplus of RUB 16.0 billion, urban and rural settlements’ budgets ran a surplus of RUB 3.5 billion, local government off-budget funds’ budgets ran a surplus of RUB 2.7 billion.

Keywords: Russian economy; regional and municipal finances; borrowing structure; domestic bonds (search for similar items in EconPapers)
JEL-codes: H71 H74 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2019, Revised 2019
New Economics Papers: this item is included in nep-cis, nep-tra and nep-ure
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2019-963.pdf Revised Version, 2019 (application/pdf)

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