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The fiscal impact of the COVID-19 pandemic on the Russian regions: An overview of federal support measures

Author

Listed:
  • Yushkov, A.

    (Leontief Centre, St. Petersburg, Russia
    Indiana University, USA)

  • Alexeev, M.

    (Indiana University, USA)

Abstract

The Russian regions were negatively affected by the COVID-19 pandemic in 2020. In most regions, corporate income tax revenues and small business tax revenues significantly declined, while heath care and social policy expenditures increased. The federal government responded to this challenge by increasing federal transfers to regions by roughly 50% compared to 2019 (up to 3,8, trill RUB.) Despite significant federal fiscal support, many transfers were nontransparent and irregular, while the structure of intergovernmental transfers and the strategy used by the federal government were changing considerably throughout the year. In this article, we analyze the structure of federal fiscal support to the regions and compare the largest intergovernmental transfers in 2020 and 2019 by their type (unconditional transfers, subsidies, subventions, and other transfers). We pay particular attention to non-transparent forms of federal fiscal support, namely, discretionary unconditional transfers and other transfers from the reserve fund of the Russian federal government.

Suggested Citation

  • Yushkov, A. & Alexeev, M., 2021. "The fiscal impact of the COVID-19 pandemic on the Russian regions: An overview of federal support measures," Journal of the New Economic Association, New Economic Association, vol. 51(3), pages 232-242.
    • Handle: RePEc:nea:journl:y:2021:i:51:p:232-242
    DOI: 10.31737/2221-2264-2021-51-3-13
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    References listed on IDEAS

    as
    1. Stubbs, Thomas & Kring, William & Laskaridis, Christina & Kentikelenis, Alexander & Gallagher, Kevin, 2021. "Whatever it takes? The global financial safety net, Covid-19, and developing countries," World Development, Elsevier, vol. 137(C).
    2. Mau Vladimir, 2021. "The Coronavirus Pandemic and Economic Policy Trends," Published Papers ppaper-2021-1113, Gaidar Institute for Economic Policy, revised 2021.
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    More about this item

    Keywords

    fiscal federalism; regional budgets; intergovernmental transfers; COVID-19 pandemic;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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