Public debt was reduced on the back of accelerating growth rates in consolidated budget revenues of subjects of the Russian Federation in Q3 2018. The revenue growth may push regional and local budget revenue figures to a 10-year high at 2018 year end

According to the results of H1 2018, the growth rates of revenues of consolidated budgets of constituent entities of the Russian Federation largely exceeded the current level of the rate of inflation, so, at year-end most regional and local budgets can expect growth in their real incomes. A...