Russian Regions: ongoing slow-rolling crisis

Natalia Zubarevich
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Natalia Zubarevich: Gaidar Institute for Economic Policy

Russian Economic Development, 2016, issue 9, 15-21

Abstract: In Q1 2016, the regional view of the crisis changed insignificantly. Decline of population’s income and consumption posted in the majority of regions remain the most acute issue. The тumber of regions which register ongoing investment decline has somewhat fallen. This being said, 2/3 of regions reduce the volume of housing construction. At the same time, fewer regions post industrial recession. The state of regions’ budgets has not changed. As year earlier, 2/3 of regions boasted of the deficit and by the end of 2016, their number will grow. The debt volume has not declined, the list of debtladened regions remained unchanged and the debt pattern saw a reduction of tight credits at the expense of budget loans extended by the Finance Ministry.

Keywords: Regional politic; Russian Economy (search for similar items in EconPapers)
JEL-codes: J21 J22 J23 (search for similar items in EconPapers)
Date: 2016
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