Regional Budgets in January-September 2021: Public Budget Loans Replace Commercial Loans

Региональные бюджеты в январе-сентябре 2021 г.: коммерческие кредиты замещаются бюджетными

Alexander Deryugin

Russian Economic Development, 2022, issue 1, 64-67

Abstract: Based on results for Q3 2021, tax and non-tax revenues of consolidated budgets of RF constituent entities increased markedly as compared with the same period of 2019. In 2021, the pattern of regional consolidated budgets’ expenditures does not differ very much from the pre-pandemic one, which is evidence of long-term changes in RF regions’ budget policy. Fast growth in regions’ own tax and non-tax revenues, as well as a large-scale replacement of commercial loans with public budget loans facilitated a reduction in regions’ debt burden and related expenditures.

Keywords: regions’ budgets; revenues of regional budgets; expenditures of regional budgets; intergovernmental fiscal transfers; regional debt (search for similar items in EconPapers)
JEL-codes: H61 H62 H63 H71 H72 H74 H77 (search for similar items in EconPapers)
Date: 2022
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