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.
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