Review of Fiscal Policy Carried Out by the Subjects of the Russian Federation in 2009

Client: National Institution of Higher Professional Education - Academy of National Economy under the Government of the Russian Federation

Project Manager: Natalia Golovanova

Project Duration: November - December 2009

The aim of the project is to review fiscal policy carried out by the subjects of the Russian Federation in 2009 in order to identify the main fiscal policy instruments used by the RF subjects at the time of the world economic crisis. In addition, the aim of the project is to give recommendations concerning further employment of such instruments. For this purpose, the following tasks are to be carried out:

1. evaluate the level of socio-economic development of the RF subjects and the dynamics of basic indicators in 2009;


2. analyze fiscal policy carried out by various groups of the RF subjects in 2009;


3. appraise activities of regional authorities in 2009.

The assignments under the project include the following:

• analyze the socio-economic situation in the subjects of the Russian Federation in 2008;


• analyze the dynamics of basic indicators describing the socio-economic situation in the subjects of the Russian Federation in 2009;


• identify groups of regions for further analysis of the fiscal policy;


• analyze the tax policy pursued by the regions in 2009;


• analyze budget expenditures of the subjects of the Russian Federation in 2009;


• analyze changes in the system of intergovernmental fiscal relations in the subjects of the Russian Federation in 2009;


• analyze the dynamics of budget deficit in the subjects of the Russian Federation in 2009;


• analyze the debt dynamics in the subjects of the Russian Federation in 2009;


• identify the main fiscal policy instruments used by the RF subjects in 2009 and any connection between the instruments and the type of a region;


• formulate main conclusions and recommendations concerning further employment of fiscal policy instruments.