Financial assistance to subjects of the Russian Federat

Product description

Any model of fiscal federalism is based on three main components that are the basis of its effective functioning:

• a clear delineation of powers between levels of power in terms of expenditures;
• the appropriation of appropriate levels of power sufficient for the exercise of these powers by financial resources;
• smoothing vertical and horizontal imbalances through a system of intergovernmental transfers in order to ensure equal access of citizens to public services throughout the country.