Regions over the Period of January-September 2021: The Two Largest Agglomerations Are Emerging Faster from the Pandemic Recession

Регионы в январе-сентябре 2021 г.: две крупнейшие агломерации быстрее выходят из пандемического спада

Zubarevich Natalia
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Zubarevich Natalia: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2021, issue 12, 64-67

Abstract: The regions are emerging from the pandemic crisis quite rapidly but unevenly across territories. In terms of their socioeconomic indicators, Moscow and St. Petersburg are in the lead. The rapid revenue growth across regional budgets was accompanied by a reduction in interbudgetary transfers in about half of them. The expenditure policies implemented in regional budgets were likewise different. Moscow pursued a countercyclical policy by means of increasing its spending on the economy at a faster pace. In the budgets of the other regions, social expenditures prevailed.

Keywords: regions; socio-economic situation of regions; regional divide (search for similar items in EconPapers)
JEL-codes: H72 P25 Q32 R11 R51 (search for similar items in EconPapers)
Date: 2021
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