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Finance and Credit
 

Bonded loans as alternative funding mechanism for deficiency of regional budgets

Vol. 19, Iss. 42, NOVEMBER 2013

Available online: 30 November 2013

Subject Heading: Stock market

JEL Classification: 

Vavulin D.A. PhD in Economics, Associate Professor, the Department of Public Administration and Finance, the State University - Educational Scientific-Industrial Complex
vavulin1972@mail.ru

Simonov S.V. PhD in Economics, Associate Professor, the Department, Head of the Department of Management and Marketing, the Financial University under the Government of the Russian Federation (The Oryol branch)
SVSimonov@fa.ru

In the article it is noted that in the conditions of limit deficiency of many regional budgets, impossibility of essential increase in the income in the majority of regions at the expense of own sources, limitation of the financial help of the federal center territorial subjects of the Russian Federation will be compelled to resort more actively to use of market mechanisms of attraction of money for budget deficit financing. One of such mechanisms is loan by means of issue by territorial subjects of the Russian Federation of securities. Practice of attraction by the Russian regions of financial resources on the basis of issue of securities is considered.

Keywords: regional budget, budget deficit, securities of territorial subjects of the Russian Federation

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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