REGIONAL SOCIAL EXPENDITURES: A COUNTRY OF CONTRASTS
Journal: RePEc: Research Papers in Economics
Year: 2015

Regional consolidated budgets are facing three main trends in 2015, namely marked growth of budget revenues, slower growth of budget expenditures, insignifi cant growth of debts and enhanced debt profi le. The dynamics of the regional consolidated budget revenues in 2015 (according to the data on January–September) has improved amid economic downturn over the dynamics seen in 2013–2014. However, there is a large diff erence between the regions: some (most) of them have seen their budget revenues