Tag Archives: budget

The plague year of the regions

The pandemic year of 2020 battered regional budgets. Some went through a double crisis due to the oil slump in the first half of the year. However, official figures released in January show a somewhat rosier picture than many feared. … Continue reading

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NY Dispatches: Regions and bankruptcy

One of the news that generated significant interest over the past week was the “bankruptcy” of Ingushetia, a North Caucasian region. But Ingushetia going “bankrupt” is not exactly what happened. What Ingushetia is going through is close to bankruptcy, but … Continue reading

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In search of a Kalmyk relief

The second wave of the pandemic is hitting Russia’s regions harder than the first and most regions are ill-equipped to deal with it. In some, political squabbles impede effective policymaking; these conflicts also highlight why the Kremlin’s model of governing … Continue reading

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NY Dispatches: Putin’s bonuses

Doctors and nurses have taken to the streets across Russia to demand the payment of pandemic-related bonuses promised by Vladimir Putin in April but only partially paid out. According to the government, medical staff has no reason to protest, and … Continue reading

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NY Dispatches: Putin’s pitch

As voting commences in Russia’s plebiscite on Vladimir Putin’s constitutional reform the president is making his safest pitch to voters. But Putin cannot avoid making the vote about himself and people whose cooperation he needs to keep governing will know … Continue reading

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Vladimir the Cautious

Policies guided by risk-avoidance have allowed Russia to build up significant fiscal reserves before the pandemic hit. But risk-avoidance does seem to serve the country well during the pandemic and it did not neutralize the adverse effects of an overcentralized … Continue reading

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NY Dispatches: COVID-19 and governors

Having left business owners to their own devices, the Kremlin now wants governors to come up with plans to handle the COVID-19 pandemic. Without more fiscal autonomy this will be a tall order. But high uncertainty means that governors can … Continue reading

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