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Regional and local budget funds are treasury accounts balances of the regional budgets and local budgets. Table 4.1.8 Other budget funds are total

capabilities alongside adaptation measures, the impact of potential economic losses on the budget and investment appeal may be significant given mounting climate effects, which requires

budget were rising faster than those of the consolidated budgets (21.1% vs 15.8% YoY). Regional budgets played an important role in the budget

everyone – to all citizens, all businesses, all regions, and to the federal budget itself. In our view, under the current condition (while rates are high

economy as a whole, Russian households and businesses, as well as the budget, from the threat posed by rising inflation. You know better than me

expenditures. But even if the same level of budget expenditures were to be financed through the budget deficit rather than with VAT and other fiscal

exchange rate. Finally, regarding the budget, the budget needs low inflation no less than households and businesses do. Surely, the budget does not at all

export-oriented industries. Domestic demand is backed up by rising household incomes and budget expenditures. Consumer activity growth has sped up somewhat. The labour market remains

Regional and local budget funds are treasury accounts balances of the regional budgets and local budgets. Table 4.1.8 Other budget funds are total

consistent with the economy’s stable need for cash to make settlements. Budget operations also contributed to the outflow of funds from banks, primarily due