Template-Type: ReDIF-Article 1.0
Author-Name: Alexander D. Andryakov
Author-Email: alex@eeg.ru
Author-Workplace-Name: Economic Expert Group, Moscow, Russia; Financial Research Institute, Moscow, Russia
Title: Balance and Sustainability of Regional Budgets in 2008–2016
Abstract: Introduction of unfinanced federal mandates connected to the May President Orders in 2012 together with steady reduction in real terms of federal transfers to regions resulted in the loss of regional budget sustainability and balance in the major part of the Russian Federation subjects. Regions began to accumulate state debt in amounts greater than Budget Code restrictions. This paper discusses the reasons of the regional budget sustainability and balance losses in detail, as well as possible approaches to recovery from that crisis.
Classification-JEL: H71, H72, H74
Keywords: budget balance, budget sustainability, regional budgets, regional debt, intergovernmental grants
Journal: Finansovyj žhurnal — Financial Journal
Pages: 25-39
Issue: 6
Year: 2017
Month: December
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2017/6/articles/fm_2017_6__02.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:170602:p:25-39