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The State budget in Q1 2015

Author

Listed:
  • Tatiana Tishchenko

    (Gaidar Institute for Economic Policy)

Abstract

According to the preliminary data of the Ministry of Finance of the Russian Federation, on the basis of the results of January–March 2015 the federal budget revenues fell by 0.9 p.p. of GDP, while the expenditures increased by 5.1 p.p. of GDP as compared to the same period of the previous year. In January–February 2015, the revenues of the consolidated budget of constituent entities of the Russian Federation fell by 0.5 p.p. of GDP, too, while the expenditures rose by 0.1 p.p. of GDP as compared to two months of 2014. On the basis of the results of three months of 2015, the defi cit of the federal budget amounted to 4.9% of GDP, while the consolidated budget of constituent entities of the Russian Federation was executed in January–February 2015 with a defi cit of 2.0% of GDP.

Suggested Citation

  • Tatiana Tishchenko, 2015. "The State budget in Q1 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 16-19, May.
    • Handle: RePEc:gai:recdev:517
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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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