{"id":159815,"date":"2025-11-26T01:38:12","date_gmt":"2025-11-26T01:38:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/159815\/"},"modified":"2025-11-26T01:38:12","modified_gmt":"2025-11-26T01:38:12","slug":"more-than-half-of-russias-regions-are-running-budget-deficits-study-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/159815\/","title":{"rendered":"More Than Half of Russia&#8217;s Regions Are Running Budget Deficits, Study Says"},"content":{"rendered":"<p>More than half of Russia\u2019s regions ran budget deficits in the first nine months of the year, the Vedomosti business daily <a href=\"https:\/\/www.vedomosti.ru\/economics\/articles\/2025\/11\/25\/1157739-bolshe-polovini-rossiiskih-regionov-stolknulis-s-defitsitom\" title=\"reported\" rel=\"nofollow noopener\" target=\"_blank\">reported<\/a> Tuesday, citing an analysis by ratings agency Expert RA.<\/p>\n<p>These 56 regions\u2019 combined deficit, excluding municipalities, reached 169.2 billion rubles ($2.14 billion).<\/p>\n<p>The shortfall stems from a 14.6% year-on-year rise in spending against a 6.9% increase in revenue. Regional income for January-September totaled 16 trillion rubles ($203 billion).<\/p>\n<p>The largest deficits in absolute terms were recorded in the Kemerovo region at 43.9 billion rubles ($556 million), the Irkutsk region at 41.1 billion rubles ($521 million) and the Yamal-Nenets autonomous district at 38 billion rubles ($482 million).<\/p>\n<p>Elevated deficit levels were also reported in the Tyumen, Novosibirsk and Nizhny Novgorod regions.<\/p>\n<p>A handful of regions, however, posted budget surpluses, including Moscow, which recorded a surplus of 269.4 billion rubles ($3.42 billion) over the period; St. Petersburg, which reported 47.9 billion rubles ($607 million); and Tatarstan, which reported 43.9 billion rubles ($556 million).<\/p>\n<p>The Finance Ministry released slightly different figures, estimating the aggregate regional deficit for January-September at 139 billion rubles ($1.76 billion) affecting 55 regions.<\/p>\n<p>As of Nov. 19, regions remained in a combined deficit of 0.6 trillion rubles ($7.60 billion), based on executed revenues of 18.8 trillion rubles ($238 billion) and expenditures of 19.4 trillion rubles ($246 billion).<\/p>\n<p>Finance Minister Anton Siluanov <a href=\"https:\/\/minfin.gov.ru\/ru\/press-center\/?id_4=40018-sovet_federatsii_odobril_zakonoproekt_o_vnesenii_izmenenii_v_pokazateli_federalnogo_byudzheta_na_2025_god\" title=\"said\" rel=\"nofollow noopener\" target=\"_blank\">said<\/a> in late October that regional budgets are expected to run a 300-billion-ruble deficit next year.<\/p>\n<p>The government plans to provide up to 30 billion rubles ($380 million) in additional support before year-end.<\/p>\n<p>Regional budget revenues remain vulnerable to falling corporate profit tax payments in several industries, Emil Ablaev of the Center for Macroeconomic Analysis and Short-Term Forecasting told Vedomosti.<\/p>\n<p>He estimated that the total regional deficit this year could reach 500 billion to 800 billion rubles ($6.34 billion to $10.14 billion).<\/p>\n<p>Regions are being forced to increase spending on national projects, infrastructure upgrades and social commitments, as well as to respond to emergency and anti-crisis needs, Tatyana Tirskikh, managing director for sovereign and regional ratings at Expert RA, told Vedomosti.<\/p>\n<p>The strongest rises in spending were seen in social policy, which rose 21% or 658.5 billion rubles ($8.35 billion); national economy programs, up 21% or 607.9 billion rubles ($7.70 billion); and education, up 13% or 400.4 billion rubles ($5.07 billion), said Ilya Tsypkin of rating agency ACRA.<\/p>\n<p>Regions debt-servicing costs also grew by 53%.<\/p>\n","protected":false},"excerpt":{"rendered":"More than half of Russia\u2019s regions ran budget deficits in the first nine months of the year, the&hellip;\n","protected":false},"author":2,"featured_media":159816,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60,4802],"class_list":{"0":"post-159815","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-ie","11":"tag-ireland","12":"tag-regions"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/159815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=159815"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/159815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/159816"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=159815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=159815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=159815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}