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The State budget in Q1 2013

Author

Listed:
  • Tatiana Tishchenko

    (Gaidar Institute for Economic Policy)

Abstract

According to the Federal Treasury, within January–March 2013, the federal budget revenues decreased by 2.1 p.p. of GDP as compared with the same period of the last year due to a reduction of oil and gas revenues by 1.8 p.p. of GDP and non-oil revenues by 0.3 p.p. of GDP. Despite the reduction in federal spending for Q1 of this year by 2.0 p.p. of GDP against the corresponding period of 2012, the federal budget defi cit has reached the limit preset by the budgetary rules in the amount of 1.0% of GDP. Signifi cant impact on the stability of the budget system of the Russian Federation continues to provide the external market factors, while at the same time the importance of domestic macroeconomic factors is increasing.

Suggested Citation

  • Tatiana Tishchenko, 2013. "The State budget in Q1 2013," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 28-31, May.
    • Handle: RePEc:gai:recdev:131
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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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