Budgets of Russian Regions: Government Debt Accumulation and Public Spending

Mikhail V. Milchakov ()
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Mikhail V. Milchakov: Expert in the Field of Regional Policy and Intergovernmental Fiscal Relations, Russia

Finansovyj žhurnal — Financial Journal, 2016, issue 3, 66-78

Abstract: An urgent task under the conditions of large regional debt increase is to support the stability of regional budgets. The article includes the analysis of basic reasons of subnational deficit and debt increase, regional features of borrowing and spending, the information about regions with difficult debt situation. Taking into account the practice of federal support in this sphere, the author presents the suggestions for regional budgets maintenance and debt reduction. The implementation of formulated suggestions will enable to make better conditions for regional budget stability.

Keywords: government debt; debt of Russian regions; budgetary loan; market borrowings; budget deficit; balanced budget; federal grants (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:160306:p:66-78

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