Municipal and sub-federal debt market in 2020
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Artem Shadrin: Gaidar Institute for Economic Policy
Published Papers from Gaidar Institute for Economic Policy
The crisis phenomena in the global and Russian economy directly related to the introduction of quarantine measures in 2020, led to the deficit of the consolidated regional budget. At end-2020, the consolidated regional budget and the budgets of territorial state extra-budgetary funds ran a deficit of Rb667.4 bn, or 0.63% of GDP. To compare, in 2019 the consolidated regional budget and the budgets of territorial state extra-budgetary funds ran a surplus of Rb17.4 bn, or 0.02% of GDP.
Keywords: Russian economy; regional and municipal finances; loan market; debt market (search for similar items in EconPapers)
JEL-codes: H71 H72 H74 H76 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2021, Revised 2021
New Economics Papers: this item is included in nep-cis, nep-isf and nep-ure
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2021-1120.pdf Revised Version, 2021 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2021-1120
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