The Incredible Shrinking Medvedev

Regional policy was a noticeably prominent component in this year’s address; as the elections approach, the federal center is reaching back out to the regions. And yet, if I were a member of the regional elite somewhere, I wouldn’t be too excited about the two important proposals he made: on the need to reconsider how much money is sent back to regional and municipal governments and the importance of stimulating regions that are increasing their revenue base. Medvedev’s phrasing was too general, and the idea of sending more money back to regions and municipalities runs absolutely contrary to the numerous promises to boost spending and his call to reduce the federal budget deficit. It’s nothing more than a typical, pre-election campaign trick.