MAIN TRENDS OF THE EXECUTION OF REGIONAL BUDGETS IN 2018

Abstract

In the process of the execution of consolidated budgets of the subjects of Federation in 2018  here were such positive events as strong revenues’ growth, significant budget surplus indicators in the most of the regions and the total reduction of the debt burden. But all these events did not lead to the evident growth of real incomes of the population. Profit tax revenues grew most significantly in the past year due to the increasing energy prices. Federal grants to the budgets of subjects of the Russian Federation increased considerably. The latter took place together with the shift from the goal-oriented kinds of support to regions (subsidies, subventions and other transfers) to the non-conditional kinds of grants. In the same time these is a shift from formalized to non-formalized categories of grants. In 2018 Russian regions succeeded to preserve the tendency towards the increase of the social expenditures. Significant volumes of consolidated budget surplus of several regions are a matter of grave concern because the high level of budget surplus exists in these regions together with serious decrease of real incomes of the population.