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Federal Budget Execution in H1 2021: Revenues Exceeded Pre-Pandemic Level
[Исполнение Федерального Бюджета За Первое Полугодие 2021 Г.: Доходы Превысили Допандемийный Уровень]

Author

Listed:
  • Belev Sergey

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

  • Tischenko Tatyana

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

Abstract

According to the results of H1 2021, the federal budget revenues exceeded the level of 2019, hitting 20.9% of GDP. The main contribution to this outcome was made by an increase in VAT receipts, primarily due to an increase in the consumption of non-food products with a slight increase in the consumption of food products (measured in terms of physical volumes of retail turnover).

Suggested Citation

  • Belev Sergey & Tischenko Tatyana, 2021. "Federal Budget Execution in H1 2021: Revenues Exceeded Pre-Pandemic Level [Исполнение Федерального Бюджета За Первое Полугодие 2021 Г.: Доходы Превысили Допандемийный Уровень]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 4-7, September.
    • Handle: RePEc:gai:recdev:r2192
    as

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    More about this item

    Keywords

    federal budget; revenue; oil and gas revenues; non-oil and gas revenues; expenditure; taxes;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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