IDEAS home Printed from https://ideas.repec.org/a/fru/finjrn/170602p25-39.html
   My bibliography  Save this article

Balance and Sustainability of Regional Budgets in 2008–2016

Author

Listed:
  • Alexander D. Andryakov

    (Economic Expert Group, Moscow, Russia; Financial Research Institute, Moscow, Russia)

Abstract

Introduction of unfinanced federal mandates connected to the May President Orders in 2012 together with steady reduction in real terms of federal transfers to regions resulted in the loss of regional budget sustainability and balance in the major part of the Russian Federation subjects. Regions began to accumulate state debt in amounts greater than Budget Code restrictions. This paper discusses the reasons of the regional budget sustainability and balance losses in detail, as well as possible approaches to recovery from that crisis.

Suggested Citation

  • 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.
    • Handle: RePEc:fru:finjrn:170602:p:25-39
    as

    Download full text from publisher

    File URL: http://www.nifi.ru/images/FILES/Journal/Archive/2017/6/articles/fm_2017_6__02.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nataliya V. Golovanova & Evgeniy A. Dombrovskiy, 2016. "Federal Center and Regions: Assignment of Powers Changes in 2005 - 2015," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 41-51, April.
    2. Igor Yu. Arlashkin & Alexander N. Deryugin & Kseniya A. Proka, 2015. "Separation of Jurisdiction between Governmental Tiers in Russia: Budgetary Issues," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 85-93, August.
    3. N. Akindinova & A. Chernyavsky & A. Chepel., 2016. "Analysis of regional fiscal balance," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    4. A. Tabakh & D. Andreeva., 2015. "Debt Strategies of Russian Regions," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    5. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oleg V. Buklemishev & Denis L. Mikhaylov & Vladimir V. Solovyev & Igor G. Fetisov, 2018. "Effectiveness of Legislative Restrictions on Debt Burden of the Russian Regions," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 34-48, June.
    2. Anna B. ZOLOTAREVA, 2020. "Problems for Concluding Agreements on Granting Subsidies to Russia [Проблемы Заключения Соглашений О Предоставлении Дотаций Субъектам Рф]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 90-111, November.
    3. Krasnopeeva, Natalia, 2023. "Revenues and expenditures of Russian regional budgets: Granger causality analysis," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 70, pages 5-33.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    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. Krasnopeeva, Natalia, 2023. "Revenues and expenditures of Russian regional budgets: Granger causality analysis," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 70, pages 5-33.
    3. Gabriel Di Bella & Oksana Dynnikova & Francesco Grigoli, 2018. "Fiscal federalism and regional performance in Russia," Russian Journal of Economics, ARPHA Platform, vol. 4(2), pages 108-132, June.
    4. Alexander D. Andryakov & Evgeniy A. Dombrovskiy, 2020. "Fiscal Measures to Boost the Economic Development of Russian Territories," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 99-113, October.
    5. Vladislav V. Bukharsky & Evgeniya Y. Vetrova & Alexey M. Lavrov, 2017. "Correlation Analysis of the Debt Burden on the Budgets of the Russian Federation Subjects in 2005–2016," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 9-24, December.

    More about this item

    Keywords

    budget balance; budget sustainability; regional budgets; regional debt; intergovernmental grants;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fru:finjrn:170602:p:25-39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gennady Ageev (email available below). General contact details of provider: https://edirc.repec.org/data/frigvru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.