Budget revenues fell in only two of Russia's 85 regions

Revenues of the consolidated regional budgets (regions together with municipalities) in 2021 grew by 18% compared to the previous year, to 17.55 trillion rubles, follows from the data of the Federal Treasury, which RBC studied. Excluding Moscow, growth is the same (plus 18%) - up to 14.2 trillion rubles.

Despite the overall growth of budget revenues in the regions by 2.6 trillion rubles, in relation to GDP, they declined for the first time in seven years, from a peak in 2020 of 13.9% to 13.4% of GDP. This happened against the backdrop of a depreciation of the ruble supply - inflation in RUSSIA in 2021 was the highest in six years. But in general, regional budget revenues to GDP in 2021 were still much higher than the average level of the last ten years (12%) due to the significant volume of federal transfers to the regions since the beginning of the pandemic.

Decrease in transfers for Crimea

Almost all Russian regions showed an increase in budget revenues last year. The largest growth was demonstrated by the Lipetsk, Tyumen and Vologda regions — by 49%, 43% and 39% respectively. Two regions became an exception - the Republic of Crimea and the Chukotka Autonomous Okrug.

If the budget of Chukotka lost only 0.46 billion rubles, or 0.9% of revenues compared to 2020, then in Crimea their reduction turned out to be more significant. Revenues to the treasury of the republic decreased (for the first time since being part of Russia) by 6.9 billion rubles, or 3%, to 218.1 billion rubles.