Consolidated Budgets of the Regions of the Russian Federation in 2022: Main Trends

Консолидированные бюджеты субъектов Российской Федерации в 2022 г.: основные тенденции

Natalia V. Zubarevich and Dmitrii Yu. Zemlianskii
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Natalia V. Zubarevich: Russian Presidential Academy of National Economy and Public Administration; Lomonosov Moscow State University
Dmitrii Yu. Zemlianskii: Russian Presidential Academy of National Economy and Public Administration; Lomonosov Moscow State University

Russian Economic Development, 2023, issue 3, 47-55

Abstract: The article provides an analysis of the execution of the consolidated budgets of the Russian Federation regions by the results of 2022. At the end of 2022, the situation with regional budgets worsened considerably due to a reduction in corporate income tax receipts against the background of continued spending growth. At the end of the year, budget revenues decreased in regions mainly specialized in metallurgy and ore mining, for which 2021 was an extremely profitable year. The stability of the income part of regional budgets was ensured by steady income from private income tax, property taxes and rental income from public and municipal ownership. According to the results of the year, the geographical desynchronization of the dynamic of tax and non-tax revenues and inter-budgetary transfers to the regions has been preserved. The growth of regional budget expenses outpaced the dynamics of incomes, which increases the risks of instability for 2023. The article was prepared as part of the research work of the state task of the Russian Presidential Academy of National Economy and Public Administration.

Keywords: Regional budgets; interbudgetary relations; tax and non-tax revenues; regional development (search for similar items in EconPapers)
JEL-codes: H61 H62 H63 H71 H72 H74 H77 (search for similar items in EconPapers)
Date: 2023
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