Analysis of Real Estate Income in the Budget of Super large Cities of Russia Cover Image

Анализ доходов от недвижимости в бюджете сверхкрупных городов России
Analysis of Real Estate Income in the Budget of Super large Cities of Russia

Author(s): Sergey Maksimov, Irina A. Bachurinskaya
Subject(s): Economy, National Economy, Public Finances
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: budget revenues; real estate; city

Summary/Abstract: The paper analyzes the budget revenues of the super-large cities of Russia (Moscow and St. Petersburg) for 2017-2020. Particular attention is paid to the analysis of income from real estate in the revenue part of the budget. It is shown that the share of tax payments on property tax in the total budget income of cities is quite low and amounts to 6% – 8% of budget revenues. It is noted that due to an increase in tax payments in the formation of tax at the cadastral value, the amount of tax payments may increase in subsequent periods. An analysis of non-tax budget revenues, in which real estate participates, made it possible to draw a conclusion about the need for an effective management policy for real estate objects that are in state and municipal ownership.

  • Issue Year: V/2021
  • Issue No: 2
  • Page Range: 89-93
  • Page Count: 5
  • Language: Russian