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Regional Budgets in Q1 2023
[Региональные Бюджеты В Первом Квартале 2023 Г]

Author

Listed:
  • Alexander N. Deryugin

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

Abstract

The transfer of taxpayers to a single tax account from January 1, 2023, which is very convenient for them, has created a lot of issues for regional budgets. Thus, the postponement of tax payments, more rapid mutual repayment of obligations to pay and reimburse overpaid taxes, as well as the reduction of the period of refunds for property and social deductions have led to a decrease in the regional budgets’ tax revenues growth rate, making them more volatile and less predictable, and the need for additional borrowing.

Suggested Citation

  • Alexander N. Deryugin, 2023. "Regional Budgets in Q1 2023 [Региональные Бюджеты В Первом Квартале 2023 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 7, pages 62-66, July.
    • Handle: RePEc:gai:recdev:r2360
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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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