It is not an overstatement to say that the survival of the Russian nation itself depends on the establishment of a system of intergovernmental fiscal relations that is functional and appropriate. This document provides an in-depth analysis of the various dimensions of the Russian system of intergovernmental fiscal relations. Chapter I presents an introductory overview. Each subsequent chapter contains the discussion of a particular dimension of fiscal decentralization in the Russian Federation. Chapter IV presents the use of intergovernmental transfers in the Russian system.
Chapter V addresses the topics of subnational borrowing and emergency fiscal controls.
Finally, Chapter VI reviews the main issues in policy formulation faced by the Russian government in their efforts to reform their system of intergovernmental fiscal relations.