In H1 2020, tax and non-tax revenues of the consolidated budgets of subjects of the Russian Federation contracted by 8.9% in relation to the corresponding period of 2019, which is close to the corresponding index for the first 5 months of the current year and marks stabilization of the situation following the collapse seen in April and May. Simultaneously, the outstripping growth of fiscal transfers from the federal budget has resulted not only in cutting budget revenues in the lower-revenue regions but to ensure high growth rates. […]