In 2017, the budgets of subjects of the Russian Federation ran a deficit of RUB 15.5 billion, urban districts' budgets ran a deficit of RUB 29.5 billion, federal-status cities' inner-city municipalities' budgets ran a surplus of RUB 0.5 billion, municipal areas' budgets ran a deficit of RUB 5.4...

According to the 2016 year-end data, the regional consolidated budget and local government off-budget funds' budget ran a deficit of Rb 303.5m and thereby reached an almost deficit-free level.By comparison, the regional consolidated budget and local government off-budget funds' budget amounted...

This paper deals with the Russian market for municipal and subfederal borrowings. The annual consolidated regional budget and the budgets of territorial state off-budget funds for 2013 were executed with a deficit of Rb 625.5bn (or 0.94% of GDP). The amount of consolidated regional budget...

This paper deals with Russia's market for municipal and sub-federal borrowings. Based on the results of 2014 the consolidated regional budget and the budgets of the territorial state non-budgetary funds were executed with a deficit of Rb 485.6bn (or 0.68% of GDP). Compared with 2013 the amount...

The crisis phenomena in the global and Russian economy directly related to the introduction of quarantine measures in 2020, led to the deficit of the consolidated regional budget. At end-2020, the consolidated regional budget and the budgets of territorial state extra-budgetary funds ran a...

This paper deals with Russia’s market for municipal and sub-federal borrowings.

According to the 2018 year-end data, the regional consolidated budgets and local government off-budget funds' budgets ran a surplus of RUB 512.9 billion or 0.49 percent of GDP. To compare, the regional consolidated budgets and local government off-budget funds' budgets ran a deficit of RUB 61.5...

According to data released by the RF Ministry of Finance, against the backdrop of deteriorating economic dynamic, the consolidated debt of the subjects and municipalities of the Russian Federation amounted to Rb3.16 trillion, or 2.09% of GDP, as of January 1, 2023. Despite an increase by Rb...

Small well-motivated groups, including state officials, public and community activists, politicians etc proved their capacity to impose burden on economy. The power to do so in modern Market Democracies could be reached without “unsheathing the sword”. Old fashioned redistribution experts -...