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Regional Budgets in Q3 2022
[Региональные Бюджеты В Третьем Квартале 2022 Г]

Author

Listed:
  • Alexander N. Deryugin

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

Abstract

According to the results of Q3 2022, total revenues of consolidated budgets of the subjects of the Russian Federation amounted to Rb14.06 trillion, which is by 17.9% higher than the value of this indicator for the same period in 2021 and exceeds the annual inflation rate. These figures have been achieved on the back of 19.4% growth of tax and non-tax revenues of the regions, which amounted to Rb11.26 trillion. Intergovernmental fiscal transfers grew more slowly (+10.6%), amounting to Rb2.60 trillion. The continuing reduction of the average level of debt burden of the regions, the reduction of the number of subjects with a high value of this indicator, the reduction of the share of the volume of expenditures of regional budgets on public debt service, as well as the replacement of commercial loans by budget loans contribute to the growth of fiscal sustainability of regions and reduce the risk of their debt problems.

Suggested Citation

  • Alexander N. Deryugin, 2022. "Regional Budgets in Q3 2022 [Региональные Бюджеты В Третьем Квартале 2022 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 74-77, December.
    • Handle: RePEc:gai:recdev:r22108
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    File URL: http://www.iep.ru/files/RePEc/gai/recdev/r22108.pdf
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    Citations

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    Cited by:

    1. Natalia V. Zubarevich & Dmitrii Yu. Zemlianskii, 2023. "Консолидированные Бюджеты Субъектов Российской Федерации В 2022 Г.: Основные Тенденции," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 3, pages 47-55, March.
    2. Natalia V. Zubarevich & Dmitrii Yu. Zemlianskii, 2023. "Consolidated Budgets of the Regions of the Russian Federation in 2022: Main Trends [Консолидированные Бюджеты Субъектов Российской Федерации В 2022 Г.: Основные Тенденции]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 47-55, March.

    More about this item

    Keywords

    regions’ budgets; revenues of regional budgets; expenditures of regional budgets; intergovernmental fiscal transfers; regional debt;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • 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
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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