Template-Type: ReDIF-Article 1.0
Author-Name: Oleg V. Buklemishev 
Author-Email: o.buklemishev@gmail.com
Author-Workplace-Name: Faculty of Economics, Moscow State University, Moscow 119991, Russia
Author-Name: Denis L. Mikhaylov
Author-Email: mikhaylovdl@moscowdebt.ru
Author-Workplace-Name: Moscow Financial Agency Public Budgetary Institution, Moscow 119454, Russia
Author-Name: Vladimir V. Solovyev
Author-Email: SolovievVV3@finance.mos.ru
Author-Workplace-Name: Moscow Financial Agency Public Budgetary Institution, Moscow 119454, Russia
Author-Name: Igor G. Fetisov
Author-Email: FetisovIG@finance.mos.ru
Author-Workplace-Name: Moscow Financial Agency Public Budgetary Institution, Moscow 119454, Russia 
Title: Effectiveness of Legislative Restrictions on Debt Burden of the Russian Regions 
Abstract: Lately the debt burden of the Russian regional authorities has been increasing markedly. On the basis of analysis of the Russian regions’ budget indicators and the structure of their debt, recommendations are made to adjust and improve the system of indicators controlling the budget deficit, the level of debt and borrowings of the federal subjects. In particular, it is proposed to rule out the usage of planned budget figures and change the basis in calculation of expenditures maximum of the regional
public debt.
Classification-JEL: H71, H72, H74, H77 
Keywords: subfederal finance, regional public debt, debt burden, debt sustainability
Journal: Finansovyj žhurnal — Financial Journal
Pages: 34-48
Issue: 3
Year: 2018
Month: June
DOI: 10.31107/2075-1990-2018-3-34-48
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2018/3/statii/fm_2018_3_03.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:180303:p:34-48