Regional Budgets: Growth in Revenues and Decrease in the Debt Burden

Abstract

According to the results of H1 2018, the growth rates of revenues of consolidated budgets of constituent entities of the Russian Federation largely exceeded the current level of the rate of inflation, so, at year-end most regional and local budgets can expect growth in their real incomes. A recent decrease in the debt burden of the less well-off constituent entities is another evidence of the financial situation getting back to normal at the regional level.