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Municipal and sub-federal debt market in 2020

Artem Shadrin
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Artem Shadrin: Gaidar Institute for Economic Policy

Published Papers from Gaidar Institute for Economic Policy

Abstract: 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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