Development of Consolidated Budgets of Russian Regions in the Medium Term: Problems and Solutions

Alexander Deryugin, Vladimir Nazarov and Arseny Mamedov

Finansovyj žhurnal — Financial Journal, 2014, issue 3, 5-19

Abstract: Analysis of the dynamics of revenues and expenditure of the regional and local budgets shows that the problem of imbalance of consolidated regional budgets, disclosed in 2013, not only continues, but will be even stronger. The continuing growth of expenditure responsibilities of the regional and local budgets relating to the execution of decrees of the President of the Russian Federation on May 7, 2012, as well as relative reduction of intergovernmental transfers from the federal budget support this view. The increase of amount of budget credits from the federal budget, as well as the planned introduction of sales taxes will not be able to correct the current imbalance. The article presents the set of measures aimed to improve the balances of regional budgets in the medium term period, and gives the financial assessment of the consequences of their implementation.

Keywords: budget revenues; budget expenditures; budget deficits; state and municipal debt; intergovernmental transfers; budget balance (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:140301:p:5-19

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