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The modern stage of Russia’s integration into global community has led to its great dependence on global economy. Russia has become a part of global economy. As all the countries are involved in the world economic functions the size and the consequences of global financial and economic crisis is becoming more and more meaningful for Russian economics as well. The objective of the present paper is to study the general impact of the crisis on Russian budget system and the special impact on the municipal level. The authors consider important to analyse the papers of various economists.

Municipal budgets under conditions of economic crises in Russia