摘要:Reforms of Russia's budgetary system at the subnational level are vital to preserve macroeconomic stability, improve the efficiency and accountability of government, and enhance incentives for local and regional governments to vigorously support economic growth. This report reviews recent trends in fiscal adjustment, budgeting, and government debt at the subnational level in Russia. Most previous fiscal reforms in Russia have focused on problems at the federal level or in the system of federal transfers to the regional governments. This report focuses instead on opportunities for reform at the subnational level. It analyzes major problems in the fiscal area, and suggest a number of measures and performance indicators that could form part of a reform strategy initiated by the Government of Russia. Key directions for subnational fiscal reform include: clarification of subnational government functions; developing a regulatory framework; budget consolidation; budget preparation and expenditure management; accelerate expenditure restructuring; debt management; reform of local taxation; and capital building.
