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The State Budget In February-March 2015

Author

Listed:
  • Tatiana Tishchenko

    (Gaidar Institute for Economic Policy)

Abstract

According to data released by the RF Ministry of Finance, the period-end results for January–February 2015 demonstrate that federal budget revenue shrank by 0.6 pp. of GDP, while expenditure increased by 7.1 pp. of GDP on the same period of the previous year. The data on the execution of the consolidated budget of RF subjects in January 2015 point to a somewhat better dynamics: the upward movement of revenue by 0.2 pp. of GDP and a decline in the amount of expenditure by 0.6 pp. of GDP on January 2014. The amount of federal budget defi cit for the fi rst two months of 2015 (as shown by the period-end results is 7.4% of GDP, while the consolidated budget of RF subjects for January 2015 has been executed with a defi cit of 1.4% of GDP.

Suggested Citation

  • Tatiana Tishchenko, 2015. "The State Budget In February-March 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 12-16, April.
    • Handle: RePEc:gai:recdev:502
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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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