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The State Budget In January-September 2014

Author

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  • Tatiana Tishchenko

    (Gaidar Institute for Economic Policy)

Abstract

According to the data of the Federal Treasury, in January–September 2014 federal budget revenues rose by 0.8 p.p. of GDP as compared to the respective period of the previous year. Within 9 months of 2014, oil and gas revenues of the federal budget increased by 0.6 p.p. of GDP, while non-oil and gas revenues, by 0.2 p.p. of GDP as compared to the respective period of 2013. Within the same period, federal budget expenditures decreased by 0.2 p.p. of GDP as compared to January–September 2013; on the basis of the results of execution of the federal budget in January–September 2014 a surplus of 2.2 p.p. of GDP of the federal budget was registered. Despite the forecasted further decrease in oil prices to $80 a barrel, the Government of the Russian Federation does not plan to introduce changes in the draft federal budget for 2015 and the 2016–2017 period which is currently considered in the State Duma.

Suggested Citation

  • Tatiana Tishchenko, 2014. "The State Budget In January-September 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 20-23, November.
    • Handle: RePEc:gai:recdev:416
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    File URL: http://www.iep.ru/files/RePEc/gai/recdev/416Tishchenko.pdf
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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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