Download or read book Decentralization in Regional Fiscal Systems in Russia written by Lev M. Freinkman and published by World Bank Publications. This book was released on 1999 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: April 1999 - Considering the positive impact decentralization has had on regional economic performance and expenditure structure, Russia's federal government should: Decisively protect local self-governance and budget autonomy; Make intergovernmental fiscal relations more transparent; Develop universal models of interactions between regional and municipal governments; Impose stricter limits on total debt and budget deficits of subnational governments. To shed light on decentralization in Russia, Freinkman and Yossifov examine intergovernmental fiscal relations within regions. To analyze trends, they review channels of fiscal allocation within regions-tax sharing and local transfer schemes. To evaluate the potential impact of various fiscal decentralization patterns on regional economic performance (including growth and the budget deficit), they study data on the structure of 89 Russian consolidated regional budgets for 1992-96. They find that local governments' relative share of Russia's consolidated budget, although substantive (roughly a quarter of the total budget), did not expand after 1994. The federal government's relative role in financing public goods and services declined as the relative role of local governments increased substantially. Local governments collected more revenues in 1996 (6.4 percent of GDP) and spent more than regional governments. They also substantially increased social financing (including health, education, and social protection). Russia made no progress toward a more transparent system for tax assignments. The average level of expenditure decentralization is similar for ethnically Russian regions and national republics and okrugs but revenue arrangements differ greatly. True decentralization has taken place in oblasts and krais, where local authorities are provided with a bigger share of subnational tax revenues. A redistribution model applies in republics and autonomous okrugs, where greater local outlays have been financed through larger transfers from regional governments. Regions near each other tend to have similar budget arrangements-the result of intensive interactions between neighbors and probably supported by the activities of regional associations. The size of a region's territory does not influence decentralization outcomes. Fiscal decentralization seems positively related to the share of education spending in regional budgets. And regions with more decentralized finances tend to experience less economic decline. But budget control is weaker in more decentralized regions. Instability and lack of transparency in intergovernmental fiscal relations provide subnational governments little incentive for responsible fiscal policy. Further decentralization without greater transparency could bring greater debt and deficits. This paper-a product of the Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region - is part of a larger effort in the unit to study fiscal decentralization in transition economies. Lev Freinkman may be contacted at [email protected].
Download or read book Decentralization in Regional Fiscal Systems in Russia written by Lev Freinkman and published by . This book was released on 2016 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Disparities and Fiscal Federalism in Russia written by Oksana Dynnikova and published by International Monetary Fund. This book was released on 2021-05-20 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how regional disparities have evolved in Russia and how Russia’s system of intergovernmental fiscal relations is managing these disparities. Regional disparities have fallen over the past two decades but remain relatively high. Socioeconomic outcomes remain worse in lagging regions despite faster growth and convergence in income levels. The twin shocks of COVID-19 and lower oil prices appear to have impacted richer regions disproportionately. Compared to other large countries with federal systems of government, Russia stands out with its high reliance on direct taxes as a revenue source for its regions. Transfers from the federal budget to the regions provide some redistribution by reducing the dispersion in real per capita fiscal spending, but also tend to be associated with lower growth. The Russian fiscal system offers degrees of redistribution and risk sharing of around 26 and 18 percent, respectively—with in-kind social transfers contributing the most. Finally, federal transfers in the aggregate tend to be procyclical and are also fairly unresponsive to shocks to regions’ own revenues.
Download or read book Fiscal Decentralization and Regional Development in Russia written by Ben Slay and published by . This book was released on 2005 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Decentralization written by Christine Wallich and published by Washington, D.C. : World Bank. This book was released on 1992 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intergovernmental Reforms in the Russian Federation written by Migara O. De Silva and published by World Bank Publications. This book was released on 2009-07-29 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is a comprehensive review of fiscal federalism in the Russian Federation. It presents a strong case for greater decentralization. By succinctly surveying the literature on fiscal decentralization and clearly spelling out the main concepts, the volume sets the stage for the subsequent description of the fiscal system in Russia and its evolution through a succession of reforms guided by a desire on the part of Russian policymakers to craft a workable system of fiscal federalism. The authors not only describe the state of fiscal federalism in Russia at its key turning points, but they also provide insightful critical assessments of the reforms introduced at each stage. The book is rich with examples, which makes it an easy and exciting reading. The book's analysis of the history gives perspective to the authors' assessment of the current state of Russia's federalism. The authors make a strong case for greater decentralization in Russia based not only on the traditional economic benefits of fiscal federalism but also on the political benefits from local government competition. The richness of detail and the careful tracing of the reforms over the past nearly two decades also mean that this study will be an invaluable guide to both current observers with academic and policy interest in the recent fiscal federalism reforms as well as Russia's fiscal evolution since the early 1990s and its current fiscal challenges.
Download or read book The Transformation of the Regional Fiscal System in Russia written by Lev Freinkman and published by . This book was released on 2014 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper looks at the transformation of intergovernment fiscal relations from the point of view of a regional administration in Russia. It also describes changes in local fiscal management. The Yaroslavl region faces a set of budgetary problems typical for Russian regions in the transition, ranging from budget preparation and managements, scale of extrabudgetary financing and expenditure verification. The paper shows what the actual priorities of regional government policy are, how these priorities are determined and through which channels and mechanisms they are implemented. Between 1990 and 1993, the manner in which the oblast's budget was prepared, approved, and implemented changed considerably, as did the relationship between the oblast and the federal authorities. However, many vestiges of the former system remain. The central government still exerts control over some aspects of the regional budgets, and oblast, city and rayon budgets are not fully separated. But decentralization is proceeding at a brisk pace, faster than the federal authorities can codify the rules for the game. The resulting uncertainty sets the stage for bargaining with the central government and rent-seeking behavior on the part of the region. The allocation of expenditures between federal and regional governments continues to be a very murky process, particularly with respect to the so-called 'national economy' expenditure terms, which include expenditures on industry, agriculture, transport, and other infrastructure. The shift in expenditure responsibility in the social areas, however, has been consistent almost all such responsibilities have been devolved down to the regions, cities and rayons.
Download or read book Fiscal Decentralization and Regional Economic Growth written by Andrey Yushkov and published by . This book was released on 2016 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the present Master Thesis, written at the University of Bonn, the relationship between fiscal decentralization and regional economic growth is studied for the case of the Russian Federation. A rich panel dataset of 78 Russian regions during 2005-2012 is gathered by the author. Using panel data analysis, it is shown that excessive expenditure decentralization within a region, which is not accompanied by revenue decentralization, can have harmful consequences for regional economic growth during the period of the economic crisis. On the contrary, federal government can stimulate recovery by efficiently assigning intergovernmental grants. Overall, the benefits of decentralization seem to be overweighed by its costs in Russia.
Download or read book Fiscal Decentralization in Rentier Regions written by Lev Freinkman and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book What Determines the Extent of Fiscal Decentralization The Russian Paradox written by Lev Freinkman and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper provides an empirical analysis of the determinants of fiscal decentralization within Russian regions in 1994-2001. The conventional view that more decentralized governments are found in regions and countries with higher income, higher ethnolinguistic fractionalization, and higher levels of democracy is not supported by the data. This motivates a more refined analysis of the determinants of decentralization that points to the link between decentralization and the structure of regional government revenue: access to windfall revenues leads to a more centralized governance structure. The degree of decentralization also depends positively on the level of urbanization and regional size and negatively on income and general regional development indicators such as the education level.
Download or read book Reforming Regional local Finance in Russia written by Jorge Martinez-Vazquez and published by World Bank Publications. This book was released on 2006 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines the current state of Russia's system of government at regional and local level in relation to tax policy and the related reforms implemented over the past decade. It looks at the size and structure of jurisdictions, expenditure and revenue, transfers and borrowing; considers reform options based on international practices; and discusses likely challenges arising from the implementation of proposed intergovernmental reforms. This publication complements another World Bank Institute publication ('Russia's transition to a new federalism' (2001, ISBN 082134840X) which focuses on federal-regional relations and the impact of fiscal decentralisation.
Download or read book Decentralization and Fiscal Disparities Among Regions in the Russian Federation written by Philippe Le Houerou and published by . This book was released on 1994 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Federalism 2022 Making Decentralisation Work written by OECD and published by OECD Publishing. This book was released on 2021-12-20 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal Federalism 2022 surveys recent trends and policies in intergovernmental fiscal relations and subnational government. Accessible and easy-to-read chapters provide insight into: good practices in fiscal federalism; the design of fiscal equalisation systems; measuring subnational tax and spending autonomy; promoting public sector performance across levels of government; digitalisation challenges and opportunities; the role of subnational accounting and insolvency frameworks; funding and financing of local government public investment; and early lessons from the COVID-19 crisis for intergovernmental fiscal relations.
Download or read book The Challenge of Fiscal Decentralization in Transition Countries written by Era Dabla-Norris and published by International Monetary Fund. This book was released on 2002-06 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines key aspects of the ongoing decentralization process in transition economies and identifies areas where the present systems can have potentially adverse impacts on both service delivery and macroeconomic performance. We discuss three critical principles of a sound and efficient decentralized fiscal system-and then show the contrasts between these and actual trends and policies in transition countries.
Download or read book Fiscal Decentralization and the Quality of Public Services in Russian Regions written by Lev Freinkman and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Decentralization and Economic Transition in the Russian Federation written by Thornton Matheson and published by . This book was released on 2002 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Making Decentralisation Work written by Organisation for Economic Co-operation and Development and published by . This book was released on 2019 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report offers a comprehensive overview of decentralisation policies and reforms in OECD countries and beyond. Sometimes called a "silent" or "quiet" revolution, decentralisation is among the most important reforms of the past 50 years. The report argues that decentralisation outcomes - in terms of democracy, efficiency, accountability, regional and local development - depend greatly on the way it is designed and implemented. Making the most of decentralisation systems is particularly crucial in the context of a "geography of discontent" and growing divides between places that feel left behind by globalisation and technological change and those that may benefit from the opportunities offered by megatrends. The report identifies 10 guidelines for making decentralisation work and allowing it to be conducive to regional development. Beyond the guidelines, the report proposes concrete tools for policy-makers, including detailed sets of recommendations, checklists, pitfalls to avoid and examples of good practices, both in unitary and federal countries.
