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Regional Budgets in January-September 2018

Alexander Deryugin – Senior Research fellow of the Budget Policy Department, Institute for Applied Economic Studies, Russian Presidential Academy of National Economy and Public Administration; Research fellow of the Budget Policy Department of the Gaidar Institute. Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Public debt was reduced on the back of accelerating growth rates in consolidated budget revenues of subjects of the Russian Federation in Q3 2018. The revenue growth may push regional and local budget revenue figures to a 10-year high at 2018 year end.

Key words: regional budgets, regional budget revenues, regional budget expenditures, regions’ public debt, public budget loans and bank loans.