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

See all articles by Alexander Deryugin

Alexander Deryugin

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Business Studies; Financial Research Institute of the Ministry of Finance of the Russian Federation; Gaidar Institute for Economic Policy

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

Deryugin, Alexander, Regional Budgets in Q1 2021: Own Revenues Are Recovering (May 18, 2021). Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2021. No. 9, pp. 10-13, Available at SSRN: https://ssrn.com/abstract=3848530 or http://dx.doi.org/10.2139/ssrn.3848530

Alexander Deryugin (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Business Studies ( email )

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Financial Research Institute of the Ministry of Finance of the Russian Federation ( email )

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Gaidar Institute for Economic Policy ( email )

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