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Russia’S State Budget In January-August 2015

Author

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  • Tatiana Tishchenko

    (Gaidar Institute for Economic Policy)

Abstract

According to the Federal Treasury, as of the period-end results for January–August 2015 the federal budget revenues contracted 1.6 p.p. of GDP, and expenditures went up 2.5 p.p. of GDP in comparison with the same period of the last year. Revenues and expenditures of the consolidated budget of the constituents of the Russian Federation as of the period-end results for seven months of the current year against seven months of the previous year went up 1.1 and 0.4 p.p. of GDP, respectively. The federal budget defi cit as of the period-end results for January–August 2015 amount-ed to 2.1% of GDP down 4.1 p.p. of GDP against the federal budget surplus over seven months of the last year. The consolidated budget of the constituents of the Russian Federation as of the period end results for seven months 2015 was executed with a surplus of 1.4% of GDP or up 0.6 p.p. against seven months of the previous year.

Suggested Citation

  • Tatiana Tishchenko, 2015. "Russia’S State Budget In January-August 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 10, pages 32-37, October.
    • Handle: RePEc:gai:recdev:597
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    More about this item

    Keywords

    State budget; Russian Economy;

    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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