Open AccessFeatures of legal regulation of the state debt of the Russian Federation subject in the context of changes in budget legislation
Author(s) -
Iu. K. Tsaregradskaya
Publication year - 2020
Publication title -
vestnik universiteta imeni o.e. kutafina (mgûa)/vestnik universiteta imeni o. e. kutafina
Language(s) - English
Resource type - Journals
eISSN - 2782-6163
pISSN - 2311-5998
DOI - 10.17803/2311-5998.2020.73.9.098-104
Subject(s) - legislation , debt , russian federation , consolidation (business) , state (computer science) , economic policy , external debt , political science , context (archaeology) , legislator , subject (documents) , economics , accounting , business , law , finance , geography , archaeology , algorithm , computer science , library science
The main changes in the budget legislation related to digitalization and public debt managementof the Russian Federation, that are manifested in the functioning of the electronic budget of the state and the consolidation of the legal definition of "public debt management", are considered. The author concludes that currently the legislator pays special attention to the issues of setting the upper limit of public debt, the maximum amount of borrowing by the subjects of the Russian Federation, as well as determining the debt sustainability of regions. Foreign experience of regulating such issues is analyzed on the example of a number of countries-Germany, Spain and Italy. Subjects of the Russian Federation with different debt loads are considered, as well as trends related to its increase or change. Also the possibilities of assigning the region to one of the groups with a certain level of debt stability of the subject are analyzed.