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Regions ͵ Focus On Reduction Of Expenses

Author

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  • Deryugin Alexander

    (Gaidar Institute for Economic Policy)

Abstract

Reduction of the deficit of the consolidated budgets of subjects of the Russian Federation in 2015 was due to not to the improvement of the financial state of the regions but a decrease of borrowing possibilities and contraction of financial assistance from the federal budget. That is why ensuring non-defi cit budget at the expense of cuƫting budget expenditure will be de-facto main priority for the fiscal policy of many regions during the current year and many years to come.

Suggested Citation

  • Deryugin Alexander, 2016. "Regions ͵ Focus On Reduction Of Expenses," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 16-19, May.
    • Handle: RePEc:gai:recdev:recdev-2016-5-625
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    File Function: Revised version, 2016
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    More about this item

    Keywords

    INFLATION AND MONETARY POLICY; Russian Economy;

    JEL classification:

    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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