1 2020. After 2020, the budget system recorded an increase in public debt servicing costs driven by a large …

decades. Fiscal gap is defined as a sum of current government debt and present value of future primary deficit flow. In order …

-tax revenues (+9.0%) of regional and local budgets.The debt burden of the regions, although it has increased over the past 12 … the Russian Federation, and the main trend in the structure of the regions’ public debt until the end of this year will be … the replacement of commercial loans with budget ones. It is also possible that the debt burden of the subjects of the …

share of expensive commercial loans servicing will increase the debt sustainability of the regions against the backdrop of …

public budget loans facilitated a reduction in regions’ debt burden and related expenditures …

priorities of territorial budget policy. The rapid growth of own tax and non-tax revenues in H1 2021 reduced the territorial debt …

all-time high public regional debt amounting to Rb2.5 trillion at the end of 2020 does not pose a serious threat for their … budget stability owing to a relatively low debt burden …