Regional Budgets in Q1 2021: Own Revenues Are Recovering
Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2021. No. 9, pp. 10-13
4 Pages Posted: 20 May 2021
Date Written: May 18, 2021
Abstract
In Q1 2021, the revenues of the regions’ consolidated budgets went up compared to Q1 2020. The growth was ensured by the federal budget fiscal transfers and an increase in the own tax and non-tax revenues of regional and local budgets. According to the results of H1 2021, we can expect double-digit growth rates of own tax and non-tax revenues of the consolidated budgets of the subjects of the Russian Federation, and the main trend in the structure of public debt of the regions until the end of this year will be the replacement of commercial loans with budget ones.
Keywords: Russian economy, regional development, regions' budgets, revenues
JEL Classification: O18, O47, R11
Suggested Citation: Suggested Citation