Infrastructure Budget Loans: Assessment of Distribution by Region and Possible Determinants

ERI FEB RAS	Issue's contents	RUS
	Regionalistica 2025 Volume 12 number 3 pages 5-19

Title of the article	Infrastructure Budget Loans: Assessment of Distribution by Region and Possible Determinants
Pages	5-19
Author 1	Klimanov Vladimir Viktorovich doctor of economics, director Center for Regional Policy, Institute of Applied Economic Research, RANEPA 82, Vernadskogo Avenue, bldg. 1, Moscow, Russia, 119571 Institute for Public Finance Reform 1, Bolshoy Kislovsky Lane, bldg. 2, Moscow, Russia, 125009 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0001-9282-0812
Author 2	Timushev Evgeny Nikolayevich candidate of science (economics), senior research fellow Center for Regional Policy, Institute of Applied Economic Research, RANEPA 82, Vernadskogo Avenue, bldg. 1, Moscow, Russia, 119571 ISE&EPN FRC Komi SC UB RAS 26, Kommunisticheskaya Street, Syktyvkar, Russia, 167982 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0002-5220-3841
Abstract	This paper assembles the available information on the interregional distribution of infrastructure budget loans and establishes a relationship between the volume of the loans and financial and socio- political indicators at the level of the subjects of the Russian Federation. The relevance of the study is due to the low degree of knowledge about that instrument of interbudgetary regulation, which has become one of the most actively used by now. Analytical collection and ordering of data on the distribution of infrastructure budget loans is carried out, correlation and graphical types of analysis of the relationship of indicators and the method of grouping the subjects of the Russian Federation by fiscal capacity are used. It is established that the level of infrastructure budget loans increases with the level of fiscal capacity of the subjects of the Russian Federation. For the first time, a direct relationship has been revealed between the volume of infrastructure budget loans and the position of governors in the Rating of Influence of Heads of Subjects of the Russian Federation evaluated by the Agency for Political and Economic Communications.
Code	332.14+336.14
DOI	10.14530/reg.2025.3.5
Keywords	interregional disparity, interbudgetary regulation, pair correlation, fiscal capacity, governors’ influence rating, public debt
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For citation	Klimanov V.V., Timushev Е.N. Infrastructure Budget Loans: Assessment of Distribution by Region and Possible Determinants. Regionalistica [Regionalistics]. 2025. Vol. 12. No. 3. Pp. 5–19. http://dx.doi.org/10.14530/reg.2025.3.5 (In Russian)
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Financing	The paper was prepared based on the results of research carried out within the RANEPA state assignment.
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