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Development of Consolidated Budgets of Russian Regions in the Medium Term: Problems and Solutions

Author

Listed:
  • Alexander N. Deryugin

    (Russian Presidential Academy of National Economy and Public Administration)

  • Vladimir S. Nazarov

    (Financial Research Institute, Moscow 127006, Russia)

  • Arseny A. Mamedov

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

Abstract

Analysis of the dynamics of revenues and expenditure of the regional and local budgets shows that the problem of imbalance of consolidated regional budgets, disclosed in 2013, not only continues, but will be even stronger. The continuing growth of expenditure responsibilities of the regional and local budgets relating to the execution of decrees of the President of the Russian Federation on May 7, 2012, as well as relative reduction of intergovernmental transfers from the federal budget support this view. The increase of amount of budget credits from the federal budget, as well as the planned introduction of sales taxes will not be able to correct the current imbalance. The article presents the set of measures aimed to improve the balances of regional budgets in the medium term period, and gives the financial assessment of the consequences of their implementation.

Suggested Citation

  • Alexander N. Deryugin & Vladimir S. Nazarov & Arseny A. Mamedov, 2014. "Development of Consolidated Budgets of Russian Regions in the Medium Term: Problems and Solutions," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 5-19, September.
    • Handle: RePEc:fru:finjrn:140301:p:5-19
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    Citations

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    Cited by:

    1. Elena B. Veprikova & Aleksei A. Novitskii, 2021. "Public Expenditure in Regions: Current State and Problems (Exemplified by Registries of Expenditure Commitments of the Regions in the Russian Far East)," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 117-131, December.
    2. Alexander D. Andryakov, 2017. "Balance and Sustainability of Regional Budgets in 2008–2016," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 25-39, December.

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