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Regions over the Period of January-September 2021: The Two Largest Agglomerations Are Emerging Faster from the Pandemic Recession
[Регионы В Январе-Сентябре 2021 Г.: Две Крупнейшие Агломерации Быстрее Выходят Из Пандемического Спада]

Author

Listed:
  • Zubarevich Natalia

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The regions are emerging from the pandemic crisis quite rapidly but unevenly across territories. In terms of their socioeconomic indicators, Moscow and St. Petersburg are in the lead. The rapid revenue growth across regional budgets was accompanied by a reduction in interbudgetary transfers in about half of them. The expenditure policies implemented in regional budgets were likewise different. Moscow pursued a countercyclical policy by means of increasing its spending on the economy at a faster pace. In the budgets of the other regions, social expenditures prevailed.

Suggested Citation

  • Zubarevich Natalia, 2021. "Regions over the Period of January-September 2021: The Two Largest Agglomerations Are Emerging Faster from the Pandemic Recession [Регионы В Январе-Сентябре 2021 Г.: Две Крупнейшие Агломерации Быст," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 64-67, December.
    • Handle: RePEc:gai:recdev:r21136
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    More about this item

    Keywords

    regions; socio-economic situation of regions; regional divide;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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