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Budgets of Russian Regions: Government Debt Accumulation and Public Spending

Author

Listed:
  • Mikhail V. Milchakov

    (Expert in the Field of Regional Policy and Intergovernmental Fiscal Relations, Russia)

Abstract

An urgent task under the conditions of large regional debt increase is to support the stability of regional budgets. The article includes the analysis of basic reasons of subnational deficit and debt increase, regional features of borrowing and spending, the information about regions with difficult debt situation. Taking into account the practice of federal support in this sphere, the author presents the suggestions for regional budgets maintenance and debt reduction. The implementation of formulated suggestions will enable to make better conditions for regional budget stability.

Suggested Citation

  • Mikhail V. Milchakov, 2016. "Budgets of Russian Regions: Government Debt Accumulation and Public Spending," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 66-78, June.
    • Handle: RePEc:fru:finjrn:160306:p:66-78
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    Citations

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    Cited by:

    1. Leyla B. Mokhnatkina, 2018. "Budget Balance and Government Debt As Indicators of Region’s Financial and Budgetary Security," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 106-119, April.
    2. Vladislav V. Bukharsky & Evgeniya Y. Vetrova & Alexey M. Lavrov, 2017. "Correlation Analysis of the Debt Burden on the Budgets of the Russian Federation Subjects in 2005–2016," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 9-24, December.

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