Russia : Subnational Governments' Fiscal Response to the Economic Downturn
The aim of this note is to present and analyze subnational fiscal trends in Russia in the context of overall slowing economic growth and falling oil prices over the last few years. In particular, in 2015, GDP fell by 3.7 percent. Despite efforts to cut expenditures, the federal deficit increased to...
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| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
The World Bank,
2016
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| Series: | Public Expenditure Review
World Bank e-Library |
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