82 631
58 078
% of annualexpenditures in 1998
22.64
16.33
1.40
21.25
14.93
01.12.99
92853
71720
8102
84751
63618
% of annual expenditures in1999
14.31
11.05
1.25
13.06
9.80
01.12.00
92 656
70 814
17 355
75 301
53 459
% of annualexpenditures in 2000
9.29
7.10
1.74
7.55
5.36
01.12.01
94137
67231
22801
71336
44430
% of annual expenditures in2001
7,30
5,21
1,77
5,53
3,44
* % of annual expenditures of theconsolidated regional budget
Data source: calculations performed by theInstitute of Economies in Transition basing on the data provided by the RFState Statistics Committee
The economic growth, the unfailing debtservicing by the federal government, and the stable fiscal situation haveadvanced the international credit rating of the Russian Federation to the B+level of Standard & Poor's ratings scale and further boosted the credit ratings of thoseterritorial subjects of the Russian Federation that satisfy their financialobligations on time (Table 34).
The higher credit ratings serve to improvethe prospects of subnational authorities to raise loan reserves. However, oneshould bear in mind that the credit rating of the Russian Federation belongs tothe "speculative" rating category and has yet to regain its maximum level of1996-1997.
Table 29
Execution of consolidated budgets ofterritorial subjects of the Russian Federation (%)
Budget revenues (thou. Rubles) | Ratio of loans to revenues | Ratio of interest payments to revenues | Ratio of balances of budget accounts to revenues | Ratio of budget surplus to revenues | Ratio of wage arrears due to lack of funding of territorialbudgets to revenues | Ratio of changed balances of budget accounts to budgetsurplus | Ratio of net loans to budget surplus | Ratio of property sales proceeds to budget surplus | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
The Central FederalRegion | |||||||||
Belgorod oblast | 7224537 | 8,08 | 6,86 | 1,07 | -4,45 | 0,03 | -41,7 | -39,8 | -18,5 |
Bryansk oblast | 6081181 | 0,90 | 1,23 | 2,63 | 2,05 | 0,03 | -104,4 | -0,4 | 4,8 |
Vladimir oblast | 7346193 | 3,61 | 2,77 | 3,97 | 0,72 | 0,11 | -266,6 | 150,5 | 33,6 |
Voronezh oblast | 9063639 | 16,75 | 15,13 | 3,04 | -1,81 | 0,65 | 95,9 | -127,3 | -68,5 |
Ivanovo oblast | 5724530 | 2,00 | 1,70 | 2,02 | 0,25 | 0,07 | -393,7 | 132,6 | 161,1 |
Kaluga oblast | 6640986 | 2,85 | 2,23 | 1,89 | -0,80 | 0,06 | 10,9 | -105,4 | -5,4 |
Kostroma oblast | 3657884 | 9,50 | 10,75 | 1,48 | -0,31 | 0,74 | -42,8 | 137,9 | -195,1 |
Kursk oblast | 5370549 | 3,33 | 4,36 | 1,41 | 1,05 | 0,38 | -37,4 | -78,6 | 15,5 |
Lipetsk oblast | 7858162 | 1,55 | 5,17 | 2,59 | -2,93 | 0,05 | -177,3 | 80,3 | -3,1 |
Table 29 (cont’d)
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Moscow oblast | 51133357 | 8,52 | 9,71 | 4,74 | -0,92 | 0,06 | -56,4 | -10,5 | -33,2 | |
Oryol oblast | 5122768 | 10,46 | 2,40 | 1,46 | -8,55 | 0,14 | -5,7 | -94,3 | 0,0 | |
Ryazan oblast | 6093068 | 4,12 | 3,98 | 4,47 | 2,66 | 0,18 | -132,5 | 21,2 | 11,3 | |
Smolensk oblast | 5363719 | 4,52 | 3,12 | 2,34 | -0,10 | 0,15 | 1561,1 | -1616,5 | -44,6 | |
Tambov oblast | 4932501 | 4,12 | 5,16 | 1,02 | 1,25 | 0,20 | -20,9 | -79,2 | 0,1 Pages: | 1 | ... | 39 | 40 | 41 | 42 | 43 | ... | 52 | Книги по разным темам |