REGIONS ͵ FOCUS ON REDUCTION OF EXPENSES

Alexander Deryugin

Russian Economic Development, 2016, issue 5, 16-19

Abstract: Reduction of the deficit of the consolidated budgets of subjects of the Russian Federation in 2015 was due to not to the improvement of the financial state of the regions but a decrease of borrowing possibilities and contraction of financial assistance from the federal budget. That is why ensuring non-defi cit budget at the expense of cuƫting budget expenditure will be de-facto main priority for the fiscal policy of many regions during the current year and many years to come.

Keywords: INFLATION AND MONETARY POLICY; Russian Economy (search for similar items in EconPapers)
JEL-codes: E52 P24 (search for similar items in EconPapers)
Date: 2016
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