Russian regions have record losses

Legislation Rules igry28-05-2009 Russian regions have a record loss crisis has seriously affected Russian regions. Bigness.ru has written repeatedly about the holes in the budgets of Russian regions. The observation of the situation in the regions would be recognized total crisis, experts said. However, sometimes assistance to the regions comes from an unexpected quarter. The oligarchs, wealthy on regional resources, in gratitude written to the local towns, and deduct taxes to local budgets. However, the distribution of taxes between Moscow and the regions remains imperfect. As told in an interview Bigness.ru expert of the National Institute for System Studies Enterprise (NISIPP) Alex Shestoperov, official data on budget deficits regions today are unlikely to receive wide publicity. Our source expressed fears that a statement of the situation in the regions would be the recognition of total crisis. Indeed, as noted by A. Shestoperov, "suffered almost all regions." The reason for this is still the same: low business activity and the growth crisis in the economy. According to many experts, the bottom of the crisis has not passed. Thus, from industrial decline hit just the industrial economies. Particularly affected are the regions where the level of diversification of the economy was small, and the lion's share of revenue in the budget brought one of backbone enterprises.