REGIONS’ DEBT BURDEN: AWATING BUDGET LOANS

Arseny Mamedov and E. Fomina
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E. Fomina: Gaidar Institute for Economic Policy

Russian Economic Development, 2016, issue 2, 41-44

Abstract: Over 11 months of 2015, regional debt growth came to nearly 5% against the turn of the year. Municipal debt growth during the same period constituted 1.5%. By the period-end for the entire year, the debt volume will increase further. However, growth rates, most likely, will slow down compared to 2014. By the end of 11 months, the budget loans share went up by 7.3 p.p. to 38.3% with simultaneous decline of the commercial loans share by 5.6 p.p. and state bonds by 1.4 p.p. in the debt structure. However, the situation signifi cantly diff ers in various regions: there are regions with public debt growth due to mainly commercial loans with already high level of accumulated debt.

Keywords: debt; Russian Economy (search for similar items in EconPapers)
JEL-codes: E60 E61 E62 E64 (search for similar items in EconPapers)
Date: 2016
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