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State of Regional Budgets in 2022: May Forecast
[Состояние Региональных Бюджетов В 2022 Г.: Прогноз Мая]

Author

Listed:
  • Dmitrii Yu. Zemlianskii

    (Russian Presidential Academy of National Economy and Public Administration)

  • Vladimir V. Klimanov

    (Russian Presidential Academy of National Economy and Public Administration; Lomonosov Moscow State University)

Abstract

In the context of current uncertainty, one of the possible options for short-term forecasting of the state of consolidated budgets of Russian regions is consensus forecasts based on the opinions of leading experts in the field. Measures taken by the RF Government to stabilize the financial situation have significantly improved experts’ expectations concerning the state of regional budgets in May 2022 as compared with March, but the overall forecast remains negative. The expectations on the dynamics of tax and non-tax revenues, the volume of public debt increased, the expectations on the dynamics of expenditures remained at the same level, but the experts gave a more restrained forecast of the growth of inter-budgetary transfers. According to the experts’ forecasts, the most difficult situation will be in the regions of foreign business concentration, including the regions of automotive and metallurgy, in the metropolitan agglomerations.

Suggested Citation

  • Dmitrii Yu. Zemlianskii & Vladimir V. Klimanov, 2022. "State of Regional Budgets in 2022: May Forecast [Состояние Региональных Бюджетов В 2022 Г.: Прогноз Мая]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 60-64, June.
  • Handle: RePEc:gai:recdev:r2256
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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

    regional budgets; forecast; expert survey;
    All these keywords.

    JEL classification:

    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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