The state debt of the Russian Federation, the constituent entities of the Russian Federation and municipalities
The state debt is the obligations of the constituent entities of the Russian Federation arising from the state loans assumed by the Russian Federation, guarantees for the obligations to repay in the same amount with the payment of additional interest for the use of the loan. The issue of state and m...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-09-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/2977 |
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| author | N. Z. Zotikov A. F. Savderova |
| author_facet | N. Z. Zotikov A. F. Savderova |
| author_sort | N. Z. Zotikov |
| collection | DOAJ |
| description | The state debt is the obligations of the constituent entities of the Russian Federation arising from the state loans assumed by the Russian Federation, guarantees for the obligations to repay in the same amount with the payment of additional interest for the use of the loan. The issue of state and municipal debt and the resulting need for regional and municipal borrowing are particularly relevant for the constituent entities of the Russian Federation and municipalities, since the current fiscal mechanism does not actually provide the principle of independence and balance of budgets,according to which the amount of budget expenditures should correspond to the total amount of budget revenues. According to the authors, the lack of funds is caused not only by the budget deficit, but to a greater extent by the shortcomings of the existing fiscal mechanism. The relationship between the budget deficit and the state debt is manifested in the subsequent increase in debt obligations due to the need to repay the debt and interest for using it. The purpose of the article is to assess the debt burden at the level of the state, constituent entities and municipalities in the current economic conditions, the impact of the revenues of the respective budgets on it. |
| format | Article |
| id | doaj-art-661e7f6bba4143c391a5f5da2a00ea35 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-09-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-661e7f6bba4143c391a5f5da2a00ea352025-02-04T08:28:09ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-09-0107324210.26425/1816-4277-2021-7-32-422093The state debt of the Russian Federation, the constituent entities of the Russian Federation and municipalitiesN. Z. Zotikov0A. F. Savderova1Chuvash State University named after I. N. UlyanovChuvash State University named after I. N. UlyanovThe state debt is the obligations of the constituent entities of the Russian Federation arising from the state loans assumed by the Russian Federation, guarantees for the obligations to repay in the same amount with the payment of additional interest for the use of the loan. The issue of state and municipal debt and the resulting need for regional and municipal borrowing are particularly relevant for the constituent entities of the Russian Federation and municipalities, since the current fiscal mechanism does not actually provide the principle of independence and balance of budgets,according to which the amount of budget expenditures should correspond to the total amount of budget revenues. According to the authors, the lack of funds is caused not only by the budget deficit, but to a greater extent by the shortcomings of the existing fiscal mechanism. The relationship between the budget deficit and the state debt is manifested in the subsequent increase in debt obligations due to the need to repay the debt and interest for using it. The purpose of the article is to assess the debt burden at the level of the state, constituent entities and municipalities in the current economic conditions, the impact of the revenues of the respective budgets on it.https://vestnik.guu.ru/jour/article/view/2977state municipal debtdomestic and external debtbudget deficittax and non-tax revenuesinter-budget transfersgold and foreign exchange reservestax - budget mechanismborrowingspublic debt servicing |
| spellingShingle | N. Z. Zotikov A. F. Savderova The state debt of the Russian Federation, the constituent entities of the Russian Federation and municipalities Вестник университета state municipal debt domestic and external debt budget deficit tax and non-tax revenues inter-budget transfers gold and foreign exchange reserves tax - budget mechanism borrowings public debt servicing |
| title | The state debt of the Russian Federation, the constituent entities of the Russian Federation and municipalities |
| title_full | The state debt of the Russian Federation, the constituent entities of the Russian Federation and municipalities |
| title_fullStr | The state debt of the Russian Federation, the constituent entities of the Russian Federation and municipalities |
| title_full_unstemmed | The state debt of the Russian Federation, the constituent entities of the Russian Federation and municipalities |
| title_short | The state debt of the Russian Federation, the constituent entities of the Russian Federation and municipalities |
| title_sort | state debt of the russian federation the constituent entities of the russian federation and municipalities |
| topic | state municipal debt domestic and external debt budget deficit tax and non-tax revenues inter-budget transfers gold and foreign exchange reserves tax - budget mechanism borrowings public debt servicing |
| url | https://vestnik.guu.ru/jour/article/view/2977 |
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