Drivers of Fiscal Resources at the Local Level in Russia: Role of Institutions Reflected in Regional Debt
Journal: Journal of Political Science Bulletin of Yerevan University
Year: 2022

The paper seeks to clarify the consequences of fiscal institutions and centralization of intergovernmental relations in Russia related to regional debt sustainability and intraregional fiscal decentralization. The consolidated regional debt is considered to be the indicator that incorporates various features of institutional framework of the Russian budgetary system, while local fiscal decentralization reflects the number of fiscal resources at the local level. The relationship between governmen