Open AccessFiscal decentralization in pandemic and post-pandemic times
Author(s) -
Vladimir Klimanov,
Аnna Mikhaylova
Publication year - 2021
Publication title -
žurnal novoj èkonomičeskoj associacii
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 7
ISSN - 2221-2264
DOI - 10.31737/2221-2264-2021-51-3-11
Subject(s) - decentralization , revenue , economic policy , pandemic , state (computer science) , federal budget , covid-19 , economics , development economics , resilience (materials science) , business , political science , finance , fiscal year , market economy , medicine , physics , disease , pathology , algorithm , computer science , infectious disease (medical specialty) , thermodynamics
In 2020, many countries, including Russia, faced a unique situation in which subnational authorities were forced to take on new powers to combat the pandemic and its consequences. At the same time, fiscal decentralization, which can be characterized by indicators of decentralization of income, expenditures or as tax decentralization, has decreased. The share of intergovernmental transfers in the revenues of regional budgets has increased. Before that, attempts to increase the role of the regional level in the country’s budget system were made in Russia, but they usually ended in failure. The article shows that the multidirectional trends of the 2020 crisis determined the new state of regional budgets and their dependence on the federal center. At the same time, it is transfers from the federal budget that have become the leading factor in resilience to shocks in regional budgets.