Russia’s Budgetary System

Arseny Mamedov, Elena Fomina, Sergey Belev and Svetlana Shatalova
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Elena Fomina: Gaidar Institute for Economic Policy
Sergey Belev: Gaidar Institute for Economic Policy
Svetlana Shatalova: Gaidar Institute for Economic Policy
Authors registered in the RePEc Author Service: Светлана Шаталова

Published Papers from Gaidar Institute for Economic Policy

Abstract: In 2016, fiscal revenues of the enlarged government surpassed 2015 volumes both in absolute terms (by RUB 1,253bn) and in relative terms by 0.5 percentage point of GDP (see Table 6). Expenditures of the enlarged government went up by 0.8 percentage point of GDP and by RUB 1,581bn in absolute terms. The fiscal deficit of the enlarged government in 2016 was up compared to the level of the previous year (3.7% of GDP in 2016 against 3.4% of GDP in 2015). It should be noted that the fiscal deficit reported in 2015–2016 surpassed manifold its 2013-2014 volumes both in absolute and in relative terms.

Keywords: Russian economy; budgetary system; budget revenues; budget parameters; budget deficit (search for similar items in EconPapers)
JEL-codes: H61 H62 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2017, Revised 2017
New Economics Papers: this item is included in nep-cis and nep-tra
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2017-270.pdf Revised version, 2017 (application/pdf)

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