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Regional Economics: Theory and Practice
 

Institutional aspects of sub-federal debt

Vol. 9, Iss. 40, OCTOBER 2011

Available online: 1 November 2011

Subject Heading: BUDGETARY REGULATION

JEL Classification: 

Aliyev U.I. PhD, associate professor of finance and credit, Peoples' Friendship University of Russia
aliev-umar@rambler.ru

The article deals with the complex theoretical and methodological problems associated with the operation of public debt management system in the RF subjects included in the North Caucasus federal district. In the article it is shown fragmentation and instability of the regulatory legal framework, inadequate institutional infrastructure required, the application of new methodological approaches and scientific concepts to the process of debt management at the regional level.

Keywords: budgetary process, a public debt, an institutional infrastructure, promissory notes, subfederal loans, the state guarantees, cash ruptures

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ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

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