Debt practices and strategies of Russian regions are surveyed, as constrained by federal legislation. Major factors that impact debt policy reviewed and regions are grouped depending on their approach to debt financing.
Review of current debt and fiscal policies executed by regional administrations of the regions in Ural Federal District and a neighboring Perm Region. Demonstrated, that debt strategy of the region depends mostly not on internal drivers – such as level of economic development and related revenues, but predominantly on federal policy in these areas. Forecast of debt policies of covered regions was given, and recommendations on appropriate instruments for debt funding proposed. .