Public Debt of Russian Regions: Budget Loans as a Sustainability Factor

E. Yu. Ablaev and R. G. Volkov ()
Additional contact information
E. Yu. Ablaev: Center for Macroeconomic Analysis and Short-Term Forecasting, Institute of Economic Forecasting, Russian Academy of Sciences
R. G. Volkov: Center for Macroeconomic Analysis and Short-Term Forecasting, Institute of Economic Forecasting, Russian Academy of Sciences

Studies on Russian Economic Development, 2024, vol. 35, issue 6, 884-898

Abstract: Abstract— The article examines the possible impact of the planned write-off of two-thirds of the region’s debts on budget loans on the sustainability of regional debt. Based on the analysis of statistical data on the debts of individual regions, it was concluded that writing off debts will significantly reduce the debt burden on the budgets of the most vulnerable constituent entities of the Russian Federation. At the same time, one of the tasks in this context is maintaining budget discipline in the regions. This will require further development of the sphere of regulation and control of regional finances, including through the mechanisms of fiscal rules at the regional level.

Keywords: regional debt; debt policy; debt sustainability; debt write-off; regional debt regulation; fiscal rules (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1134/S1075700724700424 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sorede:v:35:y:2024:i:6:d:10.1134_s1075700724700424

Ordering information: This journal article can be ordered from
https://www.springer ... nomics/journal/11507

DOI: 10.1134/S1075700724700424

Access Statistics for this article

Studies on Russian Economic Development is currently edited by Viktor V. Ivanter, Dmitrii B. Kuvalin and Galina A. Yaremenko

More articles in Studies on Russian Economic Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().