 Legislative Issues of Equalization Transfers Distribution to MunicipalitiesFinansovyj žhurnal — Financial Journal, 2014, issue 2, 87-98 Abstract: In recent years, a large number of amendments to the Budget Code of the Russian Federation were adopted, which is one way or another connected with the distribution of equalization grants at the regional level. Many of them, because of inconsistencies with each other as well as with existing provisions of the Budget Code, may result in the restrictions in the provision of tax shares to the local level, as well as unreasonable methodological limitations of using certain methods of equalization transfers. In the conditions of economic growth slowing and deficit of financial resources, which are necessary to carry out the obligations at the subnational level, reduction of the flexibility of providing financial assistance to local budgets doesn’t contribute to fiscal sustainability of the budgetary system. The article presents solutions to mentioned problems within the existing budget legislation, as well as recommendations for its improvement. Keywords: intergovernmental fiscal relations; equalization grants; fiscal budget capacity; equalization criterion (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:140210:p:87-98 Access Statistics for this article Finansovyj žhurnal — Financial Journal is currently edited by Vladimir S. Nazarov More articles in Finansovyj žhurnal — Financial Journal from Financial Research Institute, Moscow 125375, Russia Contact information at EDIRC. |
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