Template-Type: ReDIF-Article 1.0
Author-Name: Ilya Sokolov
Author-Name-First: Ilya
Author-Name-Last: Sokolov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Sustainability of regional budgets is beyond doubt
Abstract: The positive results of regional budgets execution for the first seven months of 2025 include maintaining an acceptable level of balance and debt burden. However, the situation is likely to deteriorate somewhat by the end of the year due to the continuing decline in income tax revenues and faster-than-expected growth in expenditures. To balance their budgets, regions may need either additional financial assistance from the federal government or a relaxation of restrictions (controls) to expand commercial borrowing.
Classification-JEL: H61, H62, H63
Keywords: Russian economy, regional budgets, revenues, expenditure, fiscal transfers, regional debt
Year: 2025
Issue: 21
Month: September
Pages: 4
File-URL: https://www.iep.ru/files/RePEc/gai/monreo/monreo-2025-21-1452.pdf
File-Format: application/pdf
File-Function: Revised Version, 2025
Handle: RePEc:gai:monreo:monreo-2025-21-1452