RUSSIA’S STATE BUDGET IN JANUARY 2014

Tatiana Tishchenko
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Tatiana Tishchenko: Gaidar Institute for Economic Policy
Authors registered in the RePEc Author Service: Tatiana Tishchenko

Russian Economic Development, 2014, issue 3, 23-26

Abstract: According to data released by the RF Federal Treasury, Russia’s federal budget in January 2014 was executed with a surplus of 9.3% of GDP, while the budget for the same period of 2013 had been drawn with a deficit of 1.8% of GDP. The noticeable improvement of federal budget parameters resulted from revenue growth by 2.4 pp. of GDP and expenditure decline by 8.6 pp. of GDP respectively, compared to January 2013. Meanwhile, these changes have not eliminated the looming risks for the budget system’s sustainability, posed by the forecasted decline in the economic growth rate and the growth of government debt in the medium-term period.

Keywords: State; budget (search for similar items in EconPapers)
Date: 2014
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