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...

Investment commitments to infrastructure projects with private participation grew in 2005, but the number of infrastructure projects reaching financial closure fell, according to just-released data from the Private Participation in Infrastructure Database