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The State budget in February 2013

Author

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  • Tatiana Tishchenko

    (Gaidar Institute for Economic Policy)

Abstract

According to the data released by the RF Federal Treasury, over the period of January-February 2013 Russia’s federal budget revenues amounted to Rb 1,980.0bn (a decline of 2.3 p.p. of GDP on the same period of 2012). Over that period, the federal budget’s revenues from VAT, tax on mineral resources extraction and foreign trade, expressed as percentages of GDP, all dropped on the same period of last year. Over the period of January-February 2013, federal budget expenditures amounted to Rb 2,239.5bn, which is by 0.3 p.p. of GDP less than in the same period of last year; deficit amounted to 2.7% GDP, which is by 0.3 p.p. of GDP higher than its level in the same period of 2012.

Suggested Citation

  • Tatiana Tishchenko, 2013. "The State budget in February 2013," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 36-40, April.
    • Handle: RePEc:gai:recdev:110
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    More about this item

    Keywords

    State budget;

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

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