Overview of the main trends in the execution of consolidated budgets of the regions of the Russian Far East in 2020-2021

Aleksei Novitskii and Ilya Shevchenko ()
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Ilya Shevchenko: Eastern State Planning Center

Working Papers from The Eastern State Planning Center

Abstract: The article is about the main trends in the execution of the consolidated budgets of the regions of the Russian Far East in 2020-2021. During this period, factors related to the COVID-19 pandemic had a significant impact on the dynamics of budget indicators. Differences between the Far Eastern regions in the structure of the sectoral economy and sources of budget revenues led to different reactions of budgets to the negative consequences of the pandemic. At the end of 2021, most regions of the Russian Far East were able to improve budget performance compared to the pre-crisis period. At the same time, a number of problems remain in the budgets of the Far Eastern regions, including low budgetary security, low self-sufficiency, lack of sustainable budget balance, and a relatively high level of debt burden.

Keywords: budget system; consolidated budget; Russian Far East (search for similar items in EconPapers)
JEL-codes: E62 H75 H76 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2021-12, Revised 2022-03
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Persistent link: https://EconPapers.repec.org/RePEc:aln:wpaper:350-00001-21/1

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