The aim of this note is to present and analyze subnational fiscal trends in Russia in the context of overall slowing economic growth and falling oil prices over the last few years. In particular, in 2015, GDP fell by 3.7 percent. Despite efforts to cut expenditures, the federal deficit increased...

As a result of a number of internal and external shocks, Uganda's economy is currently growing at the lowest rate recorded over the past two decades. Therefore, current policy is focused on the management of these impacts so that they do not exacerbate macroeconomic instability and on measures...