October 13, 2025Federalism

Tax Reform Through the Prism of the First Half of 2025 Results for Regional Budgets

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A slowdown in economic activity has caused a marked decrease in revenue growth rates for regional budgets.
Corporate profit tax receipts to regional budgets fell, although federal revenues from this tax increased significantly.
Regional budget expenditures surged while revenue growth remained slight, leading to increased budget deficits.
The write-off of regional budget debts did not affect the rising trend of government debt among Russian regions.

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Preliminary findings reveal tax reform's uneven impact on regional budgets, indicating heightened economic challenges.

Lyudmila Lykova (2025) studied this question.

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