Regional Budgets in H1 2021: Income Growth

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

According to data for H1 2021, own tax and non-tax revenues of the consolidated budgets of RF subjects recovered after their fall in 2020 and showed an increase, compared to the same period in 2019.The structure of expenditures of regional consolidated budgets changed in 2021 compared with their pre-pandemic structure, indicating changing priorities of territorial budget policy. The rapid growth of own tax and non-tax revenues in H1 2021 reduced the territorial debt burden to the lowest level for this period since 2009.

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.