Regional Budgets in 2022

Региональные бюджеты в 2022 г

Alexander N. Deryugin
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Alexander N. Deryugin: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2023, issue 4, 61-65

Abstract: The year 2022 was a critical one in terms of the dynamics of tax and non-tax revenues of the consolidated regional budgets: while in the first half of the year it looked quite satisfactory and the growth of budget revenues significantly outpaced the inflation rate, by the end of the year the growth halted and the decline of profit tax revenues, exacerbated by its partial refunds to taxpayers, significantly raised the risk of formation of negative budget revenues in some regions in some months. In 2023, without additional financial assistance from the federal budget, the budgets of the overwhelming majority of regions will be unbalanced, which may lead to an increase in the total volume of regional debt and the amount of debt burden.

Keywords: regions’ budgets; revenues of regional budgets; expenditures of regional budgets; intergovernmental fiscal transfers; regional debt (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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Citations: View citations in EconPapers (1)

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