Russia's fiscal policy in 2023

Igor Arlashkin, Konstantin Vekerle, Alexander Deryugin, Elisey Leonov, Evgeniy Matveev, Ilya Sokolov and Tatiana Tischenko
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Igor Arlashkin: RANEPA
Konstantin Vekerle: Gaidar Institute for Economic Policy
Elisey Leonov: RANEPA
Evgeniy Matveev: RANEPA
Tatiana Tischenko: RANEPA

Published Papers from Gaidar Institute for Economic Policy

Abstract: Revenues of the Extended Government Budget (hereinafter referred to as the EGB) in 2023 relative to the previous year decreased by 0.1 pp. GDP to 34.5% of GDP. In recent years, total revenues as a share of GDP have shown high stability, fluctuating slightly around the level of 35% of GDP. Deviations of the parameters of the actual fulfillment of the EGB revenues in 2023 from those forecast by the Ministry of Finance of Russia are insignificant, which allows us to draw conclusions about a fairly good accuracy of budget forecasting, as well as about the high quality of administration of state revenues.

Keywords: Russian economy; intergovernmental relations; fiscal policy; budget system; revenues; expenditures; Bank of Russia (search for similar items in EconPapers)
JEL-codes: E62 H5 H61 H62 H68 H7 H72 H77 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2024, Revised 2024
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2024-1323.pdf Revised Version, 2024 (application/pdf)

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