1. Russian Federal Budget and the Regions
- Author:
- Alexei Makushkin
- Publication Date:
- 11-1999
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- In the period of the Soviet rule public finances formed the basis of the national economy and, consequently, were the key factor determining the relationship between the Central power and the regions. Beginning with the proclamation of the sovereignty of the Russian Federation in 1 99 1 the role of the Center and the regions changed. The State has reduced its influence on the national economy, largely due to the reduction of the share of the GDP reallocated through the Central budgetary system. In 1 999 the volume of the budgetary reallocated product made only 14- 1 5% of the total. The relationship between the federal budget and the system of the regional finances became very complicated and oblique. The state economic sector has decreased, power has become decentralized in Russia.
- Topic:
- Security, Economics, and Regional Cooperation
- Political Geography:
- Russia, Europe, Asia, and Soviet Union