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Regional Budgets in January-September 2021: Public Budget Loans Replace Commercial Loans
[Региональные Бюджеты В Январе-Сентябре 2021 Г.: Коммерческие Кредиты Замещаются Бюджетными]

Author

Listed:
  • Alexander N. Deryugin

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

Abstract

Based on results for Q3 2021, tax and non-tax revenues of consolidated budgets of RF constituent entities increased markedly as compared with the same period of 2019. In 2021, the pattern of regional consolidated budgets’ expenditures does not differ very much from the pre-pandemic one, which is evidence of long-term changes in RF regions’ budget policy. Fast growth in regions’ own tax and non-tax revenues, as well as a large-scale replacement of commercial loans with public budget loans facilitated a reduction in regions’ debt burden and related expenditures.

Suggested Citation

  • Alexander N. Deryugin, 2022. "Regional Budgets in January-September 2021: Public Budget Loans Replace Commercial Loans [Региональные Бюджеты В Январе-Сентябре 2021 Г.: Коммерческие Кредиты Замещаются Бюджетными]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 1, pages 64-67, January.
    • Handle: RePEc:gai:recdev:r2212
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    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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