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Russia’S State Budget In January-February 2014

Author

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  • Tatiana Tishchenko

    (Gaidar Institute for Economic Policy)

Abstract

Based on the data supplied by the Federal Treasury of Russia, in the period of January 2014 thru February 2014, federal budget revenues amounted to Rb 2368,1bn or 22.5% of GDP, an increase of 1.6 p.p. of GDP against the corresponding period in 2013. Within the fi rst two months in 2014 oil and gas revenues increased 1.4 p.p. of GDP as compared to the same period of previous year. A weakening of the ruble exchange rate against the US dollar and Euro was the key driver that pushed up federal budget revenues. A reduc?? on of 1.4 p.p. of GDP in the federal budget expenditures in January thru February 2014 against the same two months of previous year to 22.2% of GDP (Rb 2337,6bn) resulted in a federal budget surplus of 0.3% of GDP or Rb 30,5bn in the period of January thru February 2014.

Suggested Citation

  • Tatiana Tishchenko, 2014. "Russia’S State Budget In January-February 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 30-33, April.
    • Handle: RePEc:gai:recdev:318
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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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