Regional Budgets in H1 2023

Alexander N. Deryugin – Acting Head of Department for Budget Policy of the Gaidar Institute for Economic Policy; Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Over time, the impact of partial postponement of tax payments to the next month due to the transition of taxpayers to a single tax account from January 1, 2023, began to weaken and the dynamics of the main tax revenues of regional and local budgets returned to the usual levels, slightly exceeding the inflation rate. As before, the volume of public debt of the regions, as well as their debt burden, continue to remain at a safe level.

Key words: regions’ budgets, revenues of regional budgets, expenditures of regional budgets, intergovernmental fiscal transfers, regional debt.

JEL-codes: H61, H62, H63, H71, H72, H74, H77.