Public Debt of Russian Regions: Budget Loans as a Sustainability Factor

被引：0
作者：
E. Yu. Ablaev [1 ]
R. G. Volkov [1 ]
机构：
[1] Center for Macroeconomic Analysis and Short-Term Forecasting, Institute of Economic Forecasting, Russian Academy of Sciences, Moscow
来源：
Studies on Russian Economic Development | 2024年 / 35卷 / 6期
关键词：
debt policy; debt sustainability; debt write-off; fiscal rules; regional debt; regional debt regulation;
D O I：
10.1134/S1075700724700424
中图分类号：
学科分类号：
摘要：
Abstract—: The article examines the possible impact of the planned write-off of two-thirds of the region’s debts on budget loans on the sustainability of regional debt. Based on the analysis of statistical data on the debts of individual regions, it was concluded that writing off debts will significantly reduce the debt burden on the budgets of the most vulnerable constituent entities of the Russian Federation. At the same time, one of the tasks in this context is maintaining budget discipline in the regions. This will require further development of the sphere of regulation and control of regional finances, including through the mechanisms of fiscal rules at the regional level. © Pleiades Publishing, Ltd. 2024. ISSN 1075-7007, Studies on Russian Economic Development, 2024, Vol. 35, No. 6, pp. 884–898. Pleiades Publishing, Ltd., 2024. Russian Text The Author(s), 2024.
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页码：884 / 898
页数：14
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