IDEAS home Printed from https://ideas.repec.org/a/fru/finjrn/220602p25-43.html
   My bibliography  Save this article

Regional Budget Revenues in Early 2022: Main Trends and Risk Factors

Author

Listed:
  • Aleksandra L. Osmolovskaya-Suslina

    (Economic Expert Group, Moscow 107031, Russian Federation; Financial Research Institute, Moscow 127006, Russian Federation)

  • Sofiia R. Borisova

    (Economic Expert Group, Moscow 107031, Russian Federation; Financial Research Institute, Moscow 127006, Russian Federation)

Abstract

The purpose of this paper is to shed light on the impact of 2022 external shocks on Russia’s sub-federal budget revenues and to identify the main revenue side risks that should be considered if sanctions pressure increases. The relevance of the study is determined by the time factor: less than six months have passed since the beginning of the crisis. The authors examine the dynamics of regional budget revenues in 2022 as a whole and provide a detailed qualitative analysis of the situation in eleven regions, selected in accordance with the dynamics of their budget revenues in March-June 2022 (soon after the introduction of sanctions). The analysis shows that regional budget revenues have already begun to respond to the sanctions, however, the external shocks manifest themselves in different regions with different speed. It was revealed that the most vulnerable to the crisis is the CIT, while the PIT is relatively stable. The main risk indicators for regional budget revenues are the share of the extractive sector in GRP, the structure of reginal foreign trade (both by commodity and by country) and the state anti-crisis support of SMEs.

Suggested Citation

  • Aleksandra L. Osmolovskaya-Suslina & Sofiia R. Borisova, 2022. "Regional Budget Revenues in Early 2022: Main Trends and Risk Factors," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 25-43, December.
    • Handle: RePEc:fru:finjrn:220602:p:25-43
    DOI: 10.31107/2075-1990-2022-6-25-43
    as

    Download full text from publisher

    File URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2022/6/statii/02_6_2022_v14.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.31107/2075-1990-2022-6-25-43?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. L. V. Mazur & A. E. Monashova, 2021. "Tax Revenues in a Pandemic: Decline or Growth in the Future?," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 8.
    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. Igor Yu. Arlashkin, 2023. "On the Possibilities of Tax Decentralization in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 78-90, June.
    2. Pavel V. Stroev & Olga V. Pivovarova & Khasanbi V. Sheozhev & Anna I. Dudnik, 2023. "Regions with Low Financial Sustainability: Analysis and Enhancement of Development," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 26-44, February.

    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.

      More about this item

      Keywords

      taxes; budget revenues; regional budget; budget risks;
      All these keywords.

      JEL classification:

      • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
      • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
      • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
      • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

      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:220602:p:25-43. 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.